Please answer questions 1-3 and fill out both charts columns ( Different and % Change) as well as the (percentage). I can't award credit if all questions and charts are not completed.

Balance sheet data for Silver Corporation are presented here. Using Comparative Analysis
SILVERT CORPORATION
Balance Sheet
December 31
			Different	% Change
	2012	2011
ASSET
Cash	$ 28,000	$ 20,000
Receivable (net)	70,000	62,000
Other current assets	90,000	73,000
Long-term investment	62,000	60,000
Plant and equipment (net)	510,000	470,000
Total Assets	$ 760,000	$ 685,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities	$ 75,000	$ 70,000
Long-term debt	80,000	90,000
Common stock	330,000	300,000
Retained earnings	275,000	225,000
	760,000	685,000

Income Statement Date for Pauls Guitar Shop Inc. Using Common Size
Revenue		Percentage
Merchandise sales	$24,800
Other Income	3,000
Total Revenues	$27,800
Expenses
Office supplies	10,200
Depreciation expenses	2,000
Wage expense	750
Rent expense	500
Interest expense	500
Supplies expense	500
Utilities	400
Total Expenses	14,850
Net Profit	$12,950

INSTRUCTIONS:

1] Use the balance sheet and apply the comparative analysis to determine the difference and % change.

2] Use the income statement and apply the common size to determine the % change.

3] Please provide the interpretation on both statements analysis.