Problem 24-4

Presented below is the comparative balance sheet for Cheyenne Company.

CHEYENNE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2018 AND 2017
		December 31
		2018			2017
Assets
Cash		$179,800			$277,300
Accounts receivable (net)		219,100			154,800
Short-term investments		271,500			149,800
Inventories		1,050,800			975,900
Prepaid expenses		25,100			25,100
Plant & equipment		2,580,700			1,942,300
Accumulated depreciation		(991,300)			(744,900)
		$3,335,700			$2,780,300
Liabilities and Stockholders Equity
Accounts payable		$49,600			$75,500
Accrued expenses		170,000			199,500
Bonds payable		450,800			189,900
Capital stock		2,107,500			1,794,900
Retained earnings		557,800			520,500
		$3,335,700			$2,780,300

1. Prepare a comparative balance sheet of Cheyenne Company showing the percent each item is of the total assets or total liabilities and stockholders equity.

2. Prepare a comparative balance sheet of Cheyenne Company showing the dollar change and the percent change for each item.

CHEYENNE COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 2018 Assets 2017 Cash $179,800 % $277,300 % Accounts receivable (net) 219,100 % 154,800 % Short-term investments 271,500 % 149,800 % Inventories 1,050,800 % 975,900 % Prepaid expenses 25,100 % 25,100 % Plant and equipment 2,580,700 % 1,942,300 % Accumulated depreciation (991,300) % (744,900 ) % Total $3,335,700 % $2,780,300 % Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Accounts payable $49,600 % $75,500 % Accrued expenses 170,000 199,500 % Bonds payable 450,800 % 189,900 % Capital stock 2,107,500 % 1,794,900 % Retained earnings 557,800 % 520,500 % Total $3,335,700 % $2,780,300 % Prepare a comparative balance sheet of Cheyenne Company showing the dollar change and the per amounts and percentages with either a negative sign, i.e. -92,000, -25.25 or parenthesis CHEYENNE COMPANY Comparative Balance Sheet December 31, 2018 and 2017 December 31 Increase or (Decrease) Assets 2018 2017 $ Change % Change Cash $179,800 $277,300 % $ Accounts receivable (net) 219,100 154,800 % Investments 271,500 149,800 % Inventories 1,050,800 975,900 % Prepaid expenses 25,100 25,100 % Plant and equipment 2,580,700 1,942,300 % Accumulated depreciation (991,300 ) (744,900) % Total $3,335,700 $2,780,300 % $ Liabilities and Stockholders' Equity Accounts payable $49,600 $75,500 % $ Accrued expenses 170,000 199,500 % Bonds payable 450,800 189,900 % Capital stock 2,107,500 1,794,900 % Retained earnings 557,800 520,500 % Total $3,335,700 $2,780,300 % I TNK TO TFXT