Directions: Create a % Change and Yr. 2 Common Size Balance Sheet for Dana Point. Use excel to do the calculations for you and don't round your answers.
Dana Point Company Balance Sheet
	% Change	Yr 2 Balance Sheet	Common Size Yr 2	Yr 1 Balance Sheet
Cash		$ 7,000		$ 30,000
AR		$ 67,500		$ 60,000
Inventory		$ 49,000		$ 22,500
PPE		$ 6,000		$ 4,500
Total Current Assets		$ 129,500		$ 117,000
Building		$ 187,500		$ 190,000
Total Assets		$ 317,000		$ 307,000
		Yr 2		Yr 1
Accounts Payable		$ 65,500		$ 63,000
Wages Payable		$ 37,000		$ 47,500
Total Current Liabilities		$ 102,500		$ 110,500
Bank Loan Payable		$ 83,000		$ 85,000
Total Liabilities		$ 185,500		$ 195,500
Common Stock		$ 75,000		$ 75,000
Retained Earnings		$ 56,500		$ 36,500
Total Liab and SE		$ 317,000		$ 307,000