Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows:     Year 2   Year 1 Current assets   $160,000   $130,000 Property, plant, and equipment   450,000   400,000 Intangible assets   20,700   30,000 Current liabilities   70,000   80,000 Long-term liabilities   210,000   250,000 Common stock   225,000   150,000 Retained earnings   125,700   80,000   Required: Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values). St. Louis Company Comparative Balance Sheet December 31, Year 2 and Year 1   Year 2 Year 1 Increase (Decrease) Amount Increase (Decrease) Percent Assets           $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 fill in the blank 5%   fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10%   fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 15% Total assets $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 fill in the blank 19% Liabilities           $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 fill in the blank 24%   fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29% Total liabilities $fill in the blank 30 $fill in the blank 31 $fill in the blank 32 fill in the blank 33% Stockholders' Equity           $fill in the blank 35 $fill in the blank 36 $fill in the blank 37 fill in the blank 38%   fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43% Total stockholders' equity $fill in the blank 44 $fill in the blank 45 $fill in the blank 46 fill in the blank 47% Total liabilities and stockholders' equity $fill in the blank 48 $fill in the blank 49 $fill in the blank 50 fill in the blank 51%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows:

   
Year 2
 
Year 1
Current assets  
$160,000
 
$130,000
Property, plant, and equipment  
450,000
 
400,000
Intangible assets  
20,700
 
30,000
Current liabilities  
70,000
 
80,000
Long-term liabilities  
210,000
 
250,000
Common stock  
225,000
 
150,000
Retained earnings  
125,700
 
80,000

 

Required:

Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. Round percents to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values).

St. Louis Company
Comparative Balance Sheet
December 31, Year 2 and Year 1
  Year 2 Year 1 Increase (Decrease) Amount Increase (Decrease) Percent
Assets        
  $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 fill in the blank 5%
  fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10%
  fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 15%
Total assets $fill in the blank 16 $fill in the blank 17 $fill in the blank 18 fill in the blank 19%
Liabilities        
  $fill in the blank 21 $fill in the blank 22 $fill in the blank 23 fill in the blank 24%
  fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29%
Total liabilities $fill in the blank 30 $fill in the blank 31 $fill in the blank 32 fill in the blank 33%
Stockholders' Equity        
  $fill in the blank 35 $fill in the blank 36 $fill in the blank 37 fill in the blank 38%
  fill in the blank 40 fill in the blank 41 fill in the blank 42 fill in the blank 43%
Total stockholders' equity $fill in the blank 44 $fill in the blank 45 $fill in the blank 46 fill in the blank 47%
Total liabilities and stockholders' equity $fill in the blank 48 $fill in the blank 49 $fill in the blank 50 fill in the blank 51%
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