Condensed Data Taken from the Ledger of St ​
Prepare a Comparative Balance Sheet, with Horizontal Analysis, for at December

question 126

Essay

Condensed data taken from the ledger of St. Louis Company at December 31, for the current and preceding years, are as follows: $\begin{array}{lrr} & \text { Year } 2 & \text { Year 1 } \\\text { Current assets } & \$ 160,000 & \$ 130,000 \\\text { Property, plant, and equipment } & 450,000 & 400,000 \\\text { Intangible assets } & 20,700 & 30,000 \\\text { Current liabilities } & 70,000 & 80,000 \\\text { Long-term liabilities } & 210,000 & 250,000 \\\text { Common stock } & 225,000 & 150,000 \\\text { Retained earnings } & 125,700 & 80,000\end{array}$ ​
Prepare a comparative balance sheet, with horizontal analysis, for December 31, Year 2 and Year 1. (Round percents to one decimal point.)

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Definitions:

Social-Cognitive Theorists

Psychologists who study how people learn by observing others and how they interpret and model their behaviors based on their beliefs.

Appropriate Circumstances

Suitable or fitting conditions that meet the needs of the situation or fulfill the requirements of a specific context.

Aggressive Behavior

Any physical or verbal action intended to hurt or destroy, whether directed towards oneself or others.

Social Categorization

The cognitive process of classifying people into groups based on shared characteristics.