Foster Fabricators prepared the following balance sheet in preparing a loan application.

Required

Prepare a common-size balance sheet for each fiscal year, rounding all percentages to one decimal place. Your answers may not add perfectly due to rounding.

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Dec. 31, 2020 Dec. 31, 2019 Assets Current assets: Cash and cash equivalents $ 248,005 $ 419,465 Accounts receivable 38,283 34,839 15,043 Inventory Prepaid expenses and other current assets 15,332 39,965 34,795 Income tax receivable 58,152 16,488 Investments 415,199 338,592 Total current assets 814,647 859,511 Property, plant, and equipment, net Long-term investments 1,217,220 1,106,984 622,939 496,106 Other assets 70,260 64,716 Total assets $ 2,725,066 $2,527,317 Liabilities and stockholders' equity Current liabilities: $ 69,613 Accounts payable Accrued payroll and benefits Accrued liabilities $ 85,709 64,958 73,894 129,275 102,203 Total current liabilities 279,942 245,710 Deferred liabilities 284,267 240,975 Other liabilities 32,883 28,263 Total liabilities 597,092 514,948 Stockholders' equity: Common stock 358 354 Additional paid-in capital Retained earnings 954,988 861,843 1,172,628 1,150,172 Total stockholders' equity 2,127,974 2,012,369 Total liabilities and stockholders' equity $ 2,725,066 $2,527,317