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Question
Condensed data taken from the ledger of Joplin Company at December 31, 2012 and 2011, are as follows:| 2012 | 2011 | |
| 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 |
Prepare a comparative balance sheet, with horizontal analysis, for December 31, 2012 and 2011. (Round percents to one decimal point.)
Answer
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