Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders equity item as a percent of the total liabilities and stockholders equity.

Novak Company

Comparative Balance Sheet

For the Years Ended December 31, 20--

1		Current Year	Current Year	Previous Year	Previous Year
2		Amount	Percent	Amount	Percent
3	Assets
4	Current assets	$1,637,500.00		$1,210,000.00
5	Property, plant, and equipment	3,864,500.00		4,235,000.00
6	Intangible assets	1,048,000.00		605,000.00
7	Total assets	$6,550,000.00		$6,050,000.00
8	Liabilities
9	Current liabilities	$1,179,000.00		$847,000.00
10	Long-term liabilities	1,768,500.00		1,996,500.00
11	Total liabilities	$2,947,500.00		$2,843,500.00
12	Stockholders Equity
13	Common stock	$655,000.00		$665,500.00
14	Retained earnings	2,947,500.00		2,541,000.00
15	Total stockholders equity	$3,602,500.00		$3,206,500.00
16	Total liabilities and stockholders equity	$6,550,000.00		$6,050,000.00