The following condensed information is available for the former Big Rock Brewery Income Trust, known as Big Rock Brewery Inc. effective January 1, 2011:

Instructions
(a) Prepare a vertical analysis of the statement of financial position and income statement for each year.
(b) Identify the key components in Big Rock's statement of financial position and income statement that are primarily responsible for the change in the company's financial position and performance over the three-year period.
(c) How has Big Rock primarily financed its assets-through debt or equity-over the last three years?

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BIG ROCK BREWERY Statement of Financial Position December 31 (in thousands) 2010 $ 7,426 27,035 $34,461 $8,380 27,985 $36,365 6,684 29,216 S35,900 Current assets Liabilities and Unitholders' Equit Liabilities Current liabilities Non-current liabilities $ 4,322 4,725 4,7865,939 10,664 25,701 $36,365 S 4,676 6,228 10,904 24,996 $35,900 Total liabilities Unitholders' equity Total liabilities and unitholders' equity 9,108 25,353 $34,461 BIG ROCK BREWERY Income Statement December 31 (in thousands) 37,633 14,905 5 Cost of sales Operating expenses Profit from operations Interest expense 8 (327) Profit before income tax Income tax recovery