Requirements: - Complete the common-size for 2018 and 2017 for both the balance sheets and income statements (orange shaded areas). - Required; Round each answer to one decimal place (i.e. 46.3%) Rocky Road Bicycles, Inc. Comparative Balance Sheets December 31, 2018 and 2017 Rocky Road Bicycles, Inc. Income Statements For the Years Ended December 31, 2018 and 2017 2018 Common Size 2017 Common Size 2018 Common Size 2017 Common Size $ Assets Cash Account receivable Inventory Prepaid rent Plant assets Less accumulated depreciation Total assets $ 105,000 217,000 800,000 50,000 1,854,000 (565,000) $2,461,000 $ 94,000 450,000 700,000 50,000 1,753,000 (502,000) $2,545,000 Net revenue Cost of sales Gross profit Selling, general and administrative expenses Operating profit Interest expense Interest income and other Income before income taxes Provision for income taxes Net Income $ 952,000 447,000 505,000 327,000 178.000 (15,000) 5.000 168,000 32,000 $ 136,000 842.000 395,000 447,000 305,000 142.000 (25,000) 4,000 121,000 25,000 96,000 $ $ Liabilities Accounts payable Wages payable Income tax payable 306,000 27,000 24,000 500,000 27,000 50,000 Equity Common stock 1,242,000 Retained earnings 862,000 Total liabilities and equity $2.461,000 1,242,000 726,000 $2,545,000