Please help. Thanks! paie inicbmhe statements for the Horizontal analysi cial st

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Please help. Thanks!

paie inicbmhe statements for the Horizontal analysi cial statements for Allendale Company follow: CHECK Total asse Total liabi ALLENDALE COMPANY Balance Sheets As of December 31 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items 40,000 20,000 54,000 135,000 25,000 274,000 27,000 270,000 29,000 $600,000 36,000 6,000 46,000 143,000 10,000 241,000 20,000 255,000 24,000 $540,000 Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity tal. me Current liabilities Notes payable Accounts payable Salaries payable 17,000 113,800 21,000 151,800 $ 6,000 100,000 15,000 121,000 Total current liabilities Noncurrent liabilities 100,000 32,000 132,000 283,800 100,000 27,000 127,000 248,000 Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative. nonparticipating; 8,000 shares authorized and issued) 10,000 shares issued) Total stockholders' equity Common stock (no par; 50,000 shares authorized; 80,000 132,000 292,000 $600,000$540,000 80,000 156,200 316,200 Retained earnings Total liabilities and stockholders' equity

Explanation / Answer

Allendale Company Balance Sheet as of 2019 Percent 2018 Percent Assets Current Assets Cash 40000 6.7% 36000 6.7% Marketable Securities 20000 3.3% 6000 1.1% Accounts Receivable (net) 54000 9.0% 46000 8.5% Inventories 135000 22.5% 143000 26.5% Prepaid Items 25000 4.2% 10000 1.9% Total Current Assets 274000 45.7% 241000 44.6% Investments 27000 4.5% 20000 3.7% Plant (net) 270000 45.0% 255000 47.2% Land 29000 4.8% 24000 4.4% Total Assets 600000 100.0% 540000 100.0% Liabilities and Stockholders Equity Liabilities Current liabilities Notes Payable 17000 2.8% 6000 1.1% Accounts Payable 113800 19.0% 100000 18.5% Salaries Payable 21000 3.5% 15000 2.8% Total Current Liabilities 151800 25.3% 121000 22.4% Noncurrent liabilities Bonds Payable 100000 16.7% 100000 18.5% Other 32000 5.3% 27000 5.0% Total noncurrent liabilities 132000 22.0% 127000 23.5% Total liabilities 283800 47.3% 248000 45.9% Stockholder's Equity Preferred Stock (par value $10, 4% cumulative, nonparticipating: 8000 shares authorized and issued) 80000 13.3% 80000 14.8% Common Stock (no par, 50000 shares authorized, 10000 shares issued) 80000 13.3% 80000 14.8% Retained Earnings 156200 26.0% 132000 24.4% Total stockholders equity 316200 52.7% 292000 54.1% Total liabilities and stockholders equity 600000 100.0% 540000 100.0%

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