Condensed Data Taken from the Ledger of St Prepare a Comparative Balance Sheet,with Horizontal Analysis,for December 31,Year 2

question 36

Essay

Condensed data taken from the ledger of St.Louis Company at December 31,for the current and preceding years,are as follows:
$\begin{array}{lrr} & \underline{\text { Year } 2}{} & \underline{\text { Year } 1}{} \\\text { Current assets } & 450,000 & \$ 130,000 \\\text { Property, plant, and equipment } & 20,700 & 400,000 \\\text { Intangible assets } & 70,000 & 30,000 \\\text { Current liabilities } & 210,000 & 250,000 \\\text { Long-term liabilities } & 225,000 & 150,000 \\\text { Common stock } & 125,700 & 80,000\\\text { Retained earnings } &125,700 & 80,000\end{array}$ Prepare a comparative balance sheet,with horizontal analysis,for December 31,Year 2 and Year 1.Round percents to one decimal point.

---

Definitions:

Projective Testing

Projective testing is a psychological assessment technique where individuals respond to ambiguous stimuli, revealing hidden emotions, desires, and conflicts.

Social Cognition

The process of attending to, interpreting, and remembering information about ourselves and others.

Unconscious Thoughts

Mental processes that occur without conscious awareness, influencing behaviors and perceptions.

Projective Test

An evaluative psychological instrument employing unclear stimuli to prompt reactions that uncover facets of a person's character.