Please help Thanks paie inicbmhe statements for the Horizont

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

Solution

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%