0 Required information The following information applies to the questions displayed below) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount 2021 Amount Assets Cash Accounts receivable Inventory $2655,000 1.320 000 2.775 000 900.000 1.200.000 1.250.000 Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of tota assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 2021 Amount % Amount $ Assets Cash Accounts receivable Inventory Buildings Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock $ 2,655,000 1,320,000 2,775,000 10,050,000 (1,800,000) $ 15,000,000 900,000 1.200.000 1.250,000 10,050,000 (900,000) $ 12,500,000 $ $ 1.562.500 1.725,000 1,245.000 5.475.000 5.475.000 Required information $ $ 2,655,000 1,320,000 2.775.000 10,050,000 (1.800,000) $ 15,000,000 900,000 1 200,000 1.250,000 10,050,000 (900,000) $ 12,500,000 Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,562,500 $ 1.725,000 1,245 000 5.475,000 6,555,000 $ 15,000,000 5,475,000 5,462,500 $ 12,500,000