1. Clock Inc. reported the following amounts on its balan ce sheet at December 31, 2018 an 2017 Cash and Receivables Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 2018 2017 $ 85,730 $ 84,220 58,450 56,900 151,000 148,960 $ 295,180 $ 290,080 ertical analysis of Clock's assets for 2018 and 2017. Show a. Prepare a vertical analysis of Clock's as to one decimal place. Clock Inc. Balance Sheet December 31, 2018 and 2017 2018 % of Total 2017 % of Total Assets Current Assets Cash and Receivables Merchandise Inventory Total Current Assets Property, Plant, & Equipment Total Assets b. If this vertical analysis had used an income statement, what would have been used as the base