Using the following information prepare a common size balance sheet. Be sure to include heading of the two columns. Show percents % and round to 1 decimal point. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Total assets Liabilities and Equity Accounts payable Common stock, $10 par value Retained earnings Total liabilities and equity 2021 $ 122,500 189,500 112,500 $ 424,500 $ 129,900 163,500 131,100 $ 424,500 2020 $135,625 132,500 75,375 $ 343,500 $75,250 163,500 104,750 $343,500

Using the following information prepare a common size balance sheet. Be sure to include heading of the two columns. Show percents % and round to 1 decimal point