Presented below are comparative statements of financial position for the Gilmour Company.

Instructions
(Round to two decimal places.)
(a) Prepare a comparative statement of financial position of Gilmour Company showing the percent each item is of the total assets or total liabilities and equity.
(b) Prepare a comparative statement of financial position of Gilmour Company showing the dollar change and the percent change for each item.
(c) Of what value is the additional information provided in part (a)?
(d) Of what value is the additional information provided in part(b)?

GILMOUR COMPANY COMPARATIVE STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2011 AND 2010 December 31 2011 2010 Assets Fixed assets Accumulated depreciation Prepaid expenses Inventories Accounts receivable (net) Short-term investments Cash $2,585,000 (1,000,000) 25,000 1,060,000 220,000 270,000 180,000 $3,340,000 $1,950,000 (750,000) 25,000 980,000 155,000 150,000 275,000 $2,785,000 Equity and Liabilities Share capital ordinary Retained earnings Bonds payable Accrued expenses Accounts payable $2,100,000 570,000 450,000 170,000 50,000 $3,340,000 $1,770,000 550,000 190,000 200,000 75,000 $2,785,000