Waterway Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash \$180,700 \$275,600 Accounts receivable...
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# Presented below is the comparative balance sheet for Waterway Company. src="/qa/attachment/10980314/" alt="Screen Shot 2019-12-11 at 1.35.04 PM.png" />(a) What is the comparative balance sheet of Waterway Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e.g. 2.25%.)(b) What is the comparative balance sheet of Waterway Company showing the dollar change and the percent change for each item? (If there is a decrease from 2020 to 2021, then enter the amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis, i.e. (92,000), (25.25).)﻿ Attachment 1 Attachment 2 Attachment 3 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-12-11 at 1.35.04 PM.png Waterway Company Comparative Balance Sheet As of December 31, 2021 and 2020 December 31 2021 2022 Assets Cash \$180,700 \$275,600 Accounts receivable (net) 220,200 155,600 Short-term investments 268,600 150,800 Inventories 1,058,500 978,000 Prepaid expenses 25,000 25,000 Plant &amp; equipment 2,604,200 1,959,800 Accumulated depreciation (1,009,100) (751,300) \$3,348,100 \$2,793,500 Liabilities and Stockholders' Equity. Accounts payable \$49,500 \$75,400 Accrued expenses 169,300 198,900 Bonds payable 447,600 191,800 Capital stock 2,117,200 1,792,500 Retained earnings 564,500 534,900 \$3,348,100 \$2,793,500 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-12-11 at 1.35.58 PM.png WATERWAY COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Assets 2021 2020 Cash \$180,700 % \$275,600 Accounts receivable (net) 220,200 155,600 % Short-term investments 268,600 % 150,800 Inventories 1,058,500 % 978,000 Prepaid expenses 25,000 25,000 % Plant and equipment 2,604,200 % 1,959,800 Accumulated depreciation (1,009,100 ) (751,300 ) Total \$3,348,100 % \$2,793,500 Liabilities and Stockholders' Equity Accounts payable \$49,500 % \$75,400 Accrued expenses 169,300 % 198,900 Bonds payable 447,600 191,800 Capital stock 2,117,200 % 1,792,500 Retained earnings 564,500 534,900 Total \$3,348,100 % \$2,793,500 ATTACHMENT PREVIEW Download attachment Screen Shot 2019-12-11 at 1.36.36 PM.png WATERWAY COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Increase or (Decrease) Assets 2021 2020 \$ Change % Change Cash \$180,700 \$275,600 \$ Accounts receivable (net) 220,200 155,600 % Investments 268,600 150,800 Inventories 1,058,500 978,000 % Prepaid expenses 25,000 25,000 Plant and equipment 2,604,200 1,959,800 % Accumulated depreciation (1,009,100 ) (751,300 ) % Total \$3,348,100 \$2,793,500 \$ Liabilities and Stockholders' Equity Accounts payable \$49,500 \$75,400 \$ % Accrued expenses 169,300 198,900 Bonds payable 447,600 191,800 Capital stock 2,117,200 1,792,500 Retained earnings 564,500 534,900 Total \$3,348,100 \$2,793,500 \$ %

refer to the attachment. Note that in preparing a common size/comparative balance sheet in %, the denominator... View the full answer

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