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The comparative balance sheet of Blue Spruce Company appears belo BLUE SPRUCE COMPANY Comparative Balance Sheet December 31, Assets 2022 2021 Current assets $450 $230 Plant assets 590 510 Total assets $1,040 $740 Liabilities and stockholders' equity Current liabilities $280 $180 Long-term debt 250 130 Common stock 250 240 Retained earnings 260 190 Total liabilities and stockholders' equity $1,040 $740 Using horizontal analysis, show the percentage change for each balance sheet item using 2021 as a base year. (If percentage change is a decrease show the numbers as negative, e.g.-12.1% or (12.1%). Round percentages to 0 decimal places, e.g. 12%.) BLUE SPRUCE COMPANY Comparative Balance Sheet December 31 Assets 2022 2021 Percentage change Current assets $450 $230 % Plant assets 590 510 % Total assets $1,040 $740 % Liabilities and stockholders' equity Current liabilities $280 $180 % Long-term debt 250 130 % Common stock 250 240 % Retained earnings 260 190 % Total liabilities and stockholders' equity $1,040 $740 % Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to 0 decimal places, e.g. 12%.) BLUE SPRUCE COMPANY Comparative Balance Sheet December 31 2022 2021 Assets Amount Percentage Amount Percentage Current assets $450 % $230 % Plant assets 590 % 510 % Total assets $1,040 % $740 % Liabilities and stockholders' equity Current liabilities $280 % $180 % Long-term debt 250 % 130 % Common stock 250 % 240 % Retained earnings 260 % 190 % Total liabilities and stockholders' equity $1,040 % $740 %

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