Presented below are comparative balance sheets for the Gilmour Company. GILMOUR

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Presented below are comparative balance sheets for the Gilmour Company. GILMOUR COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2015 AND 2014 December 31 2015 2014 Assets Cash $180,700 $275,700 Accounts receivable (net) 219,900 154,300 Short-term investments 269,400 150,500 Inventories 1,060,600 980,100 Prepaid expenses 25,270 25,270 Plant & equipment 2,584,200 1,950,400 Accumulated depreciation (1,000,700) (750,300) $3,339,370 $2,785,970 Liabilities and Stockholders’ Equity Accounts payable $50,770 $74,020 Accrued expenses 170,100 199,500 Bonds payable 449,200 189,700 Capital stock 2,101,000 1,771,000 Retained earnings 568,300 551,750 $3,339,370 $2,785,970

Prepare a comparative balance sheet of Gilmour 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%. For accumulated depreciation, enter percentages using either a negative sign preceding the number e.g. -2.25% or parentheses e.g. (2.25)%.) GILMOUR COMPANY Comparative Balance Sheet December 31, 2015 and 2014 December 31 Assets 2015 2014 Cash $180,700 % $275,700 % Accounts receivable (net) 219,900 % 154,300 % Short-term investments 269,400 % 150,500 % Inventories 1,060,600 % 980,100 % Prepaid expenses 25,270 % 25,270 % Plant and equipment 2,584,200 % 1,950,400 % Accumulated depreciation (1,000,700 ) % (750,300 ) % Total $3,339,370 % $2,785,970 % Liabilities and Stockholders’ Equity Accounts payable $50,770 % $74,020 % Accrued expenses 170,100 % 199,500 % Bonds payable 449,200 % 189,700 % Capital stock 2,101,000 % 1,771,000 % Retained earnings 568,300 % 551,750 % Total $3,339,370 % $2,785,970 % Prepare a comparative balance sheet of Gilmour Company showing the dollar change and the percent change for each item. (Round percentages to 2 decimal places, e.g. 2.25%. If an amount reduces the account balance then enter with negative sign.) GILMOUR COMPANY Comparative Balance Sheet December 31, 2015 and 2014 December 31 Increase or (Decrease) Assets 2015 2014 $ Change % Change Cash $180,700 $275,700 $ Accounts receivable (net) 219,900 154,300 Investments 269,400 150,500 Inventories 1,060,600 980,100 Prepaid expenses 25,270 25,270 Plant and equipment 2,584,200 1,950,400 Accumulated depreciation (1,000,700 ) (750,300 ) Total $3,339,370 $2,785,970 $ Liabilities and Stockholders’ Equity Accounts payable $50,770 $74,020 $ Accrued expenses 170,100 199,500 Bonds payable 449,200 189,700 Capital stock 2,101,000 1,771,000 Retained earnings 568,300 551,750 Total $3,339,370 $2,785,970 $

Explanation / Answer

Particulars 31-Dec-15 31-Dec-14 Particulars 31-Dec-15 31-Dec-15 31-Dec-14 31-Dec-14 Assets Assets Cash $180,700 $275,700 Cash $180,700 5.41% $275,700 9.90% Account Receivables $219,900 $154,300 Account Receivables $219,900 6.59% $154,300 5.54% Short Term investments $269,400 $150,500 Short Term investments $269,400 8.07% $150,500 5.40% Inventories $1,060,600 $980,100 Inventories $1,060,600 31.76% $980,100 35.18% Prepaid Expenses $25,270 $25,270 Prepaid Expenses $25,270 0.76% $25,270 0.91% Plant and Equipments $2,584,200 $1,950,400 Plant and Equipments $2,584,200 77.39% $1,950,400 70.01% Accumulated Depriciation ($1,000,700) ($750,300) Accumulated Depriciation ($1,000,700) -29.97% ($750,300) -26.93% Total Assets $3,339,370 $2,785,970 Total Assets $3,339,370 100.00% $2,785,970 100.00% Laibilities and Stockholders Equity Laibilities and Stockholders Equity Account payables $50,770 $74,020 Account payables $50,770 1.52% $74,020 2.66% Accrued Expense $170,100 $199,500 Accrued Expense $170,100 5.09% $199,500 7.16% Bond Payables $449,200 $189,700 Bond Payables $449,200 13.45% $189,700 6.81% Capital Stock $2,101,000 $1,771,000 Capital Stock $2,101,000 62.92% $1,771,000 63.57% Retained Earnings $568,300 $551,750 Retained Earnings $568,300 17.02% $551,750 19.80% Total Laibilities $3,339,370 $2,785,970 Total Laibilities $3,339,370 100.00% $2,785,970 100.00%

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