Question: Compute the amount and percentage changes for the following balance sheets, and comment on the changes from 20x8 to 20x9. (Round the percentage changes to

Compute the amount and percentage changes for the following balance sheets, and comment on the changes from 20x8 to 20x9. (Round the percentage changes to one decimalplace.)

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

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