Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. Required: Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 29,266 3.33 correct % $ 38,098 4.21 correct % Accounts payable $ 193,922 22.09 correct % $ 201,611 22.25 correct % Accounts receivable 58,281 6.64 correct % 78,639 8.68 correct % Notes payable 89,020 10.14 correct % 140,588 15.52 correct % Inventory 133,148 15.16 correct % 199,946 22.07 correct % Total $ 282,942 32.22 correct % $ 342,199 37.77 correct % Total $ 220,695 25.13 correct % $ 316,683 34.96 correct % Long-term debt $ 245,000 27.90 correct % $ 181,750 20.06 correct % Owners’ equity Common stock and paid-in surplus $ 210,000 23.92 correct % $ 210,000 23.18 correct % Accumulated retained earnings 140,100 15.96 correct % 172,012 18.99 correct % Fixed assets Net plant and equipment $ 657,347 74.87 correct % $ 589,278 65.04 correct % Total $ 350,100 39.87 correct % $ 382,012 42.17 correct % Total assets $ 878,042 100.00 correct % $ 905,961 100.00 correct % Total liabilities and owners’ equity $ 878,042 100.00 correct % $ 905,961 100.00 correct %

Bethesda Mining Company reports the following balance sheet information for 2013 and 2014.

Required:

Prepare the 2013 and 2014 common-size balance sheets for Bethesda Mining. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014
	2013					2014						2013					2014
Assets											Liabilities and Owners’  Equity
Current assets											Current liabilities
Cash	$	29,266		3.33	%	$	38,098		4.21	%	Accounts payable	$	193,922		22.09	%	$	201,611		22.25	%
Accounts receivable		58,281		6.64	%		78,639		8.68	%	Notes payable		89,020		10.14	%		140,588		15.52	%
Inventory		133,148		15.16	%		199,946		22.07	%
											Total	$	282,942		32.22	%	$	342,199		37.77	%
Total	$	220,695		25.13	%	$	316,683		34.96	%
											Long-term debt	$	245,000		27.90	%	$	181,750		20.06	%
											Owners’ equity
											Common stock and paid-in surplus	$	210,000		23.92	%	$	210,000		23.18	%
											Accumulated retained earnings		140,100		15.96	%		172,012		18.99	%
Fixed assets
Net plant and equipment	$	657,347		74.87	%	$	589,278		65.04	%	Total	$	350,100		39.87	%	$	382,012		42.17	%
Total assets	$	878,042		100.00	%	$	905,961		100.00	%	Total liabilities and owners’ equity	$	878,042		100.00	%	$	905,961		100.00	%