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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Question

Presented below is the comparative balance sheet for Waterway Company.


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(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%.)


Screen Shot 2019-12-11 at 1.35.58 PM.png


(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).)


Screen Shot 2019-12-11 at 1.36.36 PM.png

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 & 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

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

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
$
%

Top Answer

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