Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:

Question:

__________________________________Current Year Previous Year

Current assets.....................................$2,500,000..................$1,840,000

Property, plant, and equipment..................5,600,000..............6,072,000

Intangible assets....................................1,900,000....................1,288,000

Current liabilities...................................2,000,000....................1,380,000

Long-term liabilities...............................3,400,000....................3,680,000

Common stock.......................................920,000......................920,000

Retained earnings..................................3,680,000....................3,220,000

Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. (Round percentages to one decimal place.)

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