The comparative balance sheet for Silverlight Co. is shown below. Express the balance sheet in common-size percentages. Silverlight CompanyComparative Balance Sheets (in $000)December 31, Year 1?Year 3?Year 3Year 2Year 1Cash$ 49.6$ 34.2$ 35.7Accounts receivable74.485.576.5Merchandise inventory148.8125.491.8Plant assets (net)347.2324.9306.0Total assets$620.0$570.0$510.0????Accounts payable$117.8$ 51.3$ 76.5Bonds payable130.2159.6107.1Common stock266.6279.3265.2Retained earnings 105.4 79.8 61.2Total liabilities and equity$620.0$570.0$510.0
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| Silverlight Company Common-size Comparative Balance Sheets December 31, Year 1?Year 3 | |||
| ? | Year 3 | Year 2 | Year 1 |
| Cash | 8% | 6% | 7% |
| Accounts receivable | 12% | 15% | 15% |
| Merchandise inventory | 24% | 22% | 18% |
| Plant assets (net) | 56% | 57% | 60% |
| Total assets | 100% | 100% | 100% |
| ? | ? | ? | ? |
| Accounts payable | 19% | 9% | 15% |
| Bonds payable | 21% | 28% | 21% |
| Common stock | 43% | 49% | 52% |
| Retained earnings | 17% | 14% | 12% |
| Total liabilities and equity | 100% | 100% | 100% |
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