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Comparative balance sheets are available for Floatlin Group:

Floatlin Group Comparative Balance Sheets December 31, 2X13 and 2X12 2X13 2X12 2X13 2X12 Current Assets: Current Liabilities: Cash $ 20 $ 15 Accounts Payable $ 24 $ 20 Accounts Receivable 45 37 Taxes Payable 11 15 Inventory 60 70 Note Payable 7 18 Total Current Assets $125 $122 Total Current Liab. $ 42 $ 53 Long-Term Assets: Long-Term Liabilities 80 30 Equipment $290 $200 Total Liabilities $122 $ 83 Less: Accum. Depr. (160 ) (140 ) Stockholders' Equity: Total Long-Term Assets $130 $ 60 Common Stock $ 40 $ 40 Retained Earnings 93 59 Total Stockholders' Equity $133 $ 99 Total Liab. & Total Assets $255 $182 Stockholders' Equity $255 $182 Prepare a common-size balance sheet for Floatlin Group at December 31, 2X13.

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