Prepare the 2012 combined common-size, common-base-year statement of financial position for Birtle.

Birtle Corporation reports the following statement of financial position information for 2011 and 2012. Use this information to work on this problem.

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Birtle CORPORATION 2011 and 2012 Statement of Financial Position Liabilities and Owners' Equity Assets 2012 2011 2011 2012 Current liabilities Accounts payable Notes payable Current assets Cash Accounts receivable $ 8,436 $ 10,157 23,406 $ 43,050 18,384 $ 61,434 $ 25,000 $ 46,821 17,382 $ 64,203 $ 32,000 21,530 38,760 Total Inventory 42,650 $ 76,213 Total Fixed assets Net plant and equipment $ 68,726 Long-term debt Owners' equity Common stock and paid-in surplus $ 40,000 Retained earnings Total Total liabilities and owners' equity 226,706 $ 40,000 248,306 168,998 $208,998 188,316 $228,316 Total assets $295,432 $324,519 $295,432 $324,519