Question: Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Prior

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, %

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Prior Year Current Year Category Accounts payable Accounts receivable ??? ??? 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,292.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,887.00 Interest expense 40,500 41,946.00 279,000 288,000 337,739.00 398,127.00 946,535 999,000 Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings 148,500 162,000 126,000 161,366.00 306,000 342,000 Sales 639,000 850,306.00 Taxes 24,750 47,177.00 What is the current year's entry for long-term debt on a common-sized balance sheet

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