Following are the balance sheets for Howard€™s Hammocks for December 31, 2009 and 2008.

Required
Using the preceding income statement figures, prepare common-size statements for 2009 and2008.

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HOWARD'S HAMMOCKS COMPARATIVE BALANCE SHEETS 2009 $130,000 130,000 225,000 25,000 $510,000 $110,000 200,000 215,000 (105,000) $420,000 $930,000 $ 60,000 10,000 10,000 $ 80,000 100,000 500,000 250,000 2008 Cash Accounts receivable Inventory Prepaid insurance Total current assets Long-term investments Land Property and equipment Accumulated depreciation $110,000 120,000 215,000 30,000 $475,000 S 75,000 175,000 95,000 (80,000) S265,000 740,000 S 50,000 8,000 9,000 S 67,000 80,000 400,000 193,000 Total assets Accounts pavable Payroll payable Taxes payable Total current liabilities Notes payable Capital stock Retained earnings Total liabilities and stockholders' equity $930,000 740,000