Express the partial comparative income statements that follow as commonsize statements, and comment on the changes from 20x7 to 20x8. (Round computations to one decimalplace.)

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Davis Company Comparative Balance Sheets December 31, 20x9 and 20x8 20x9 20x8 Assets Current assets Property, plant, and equipment (net) Total assets S18,600 12,800 97,200 $128,064 $110,000 109,464 Llabllitles and Stockholders' Equity 11,200 3,200 40,000 81,864 66,800 Total tiabiities and stockholders equity 128,064 $110,000 Current liabilities Long-term liabilities Stockholders' equity 35,000