2 ' Part 1 of 2 Required information [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Check my work Skipped eBook Hint Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. 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 References Assets 2025 Amount % 2024 Amount % Cash Accounts receivable Inventory Buildings $ 2,300,000 1,500,000 2,800,000 11,000,000 $ 800,000 2,200,000 1,700,000 11,000,000 Less: Accumulated depreciation (2,000,000) (1,000,000) Total assets $ 15,600,000 $ 14,700,000 Liabilities and Stockholders' Equity Accounts payable $ 1,450,000 $ 1,700,000 Contingent liability 1,500,000 1,000,000 Common stock 8,000,000 8,000,000 Retained earnings 4,650,000 4,000,000 Total liabilities and stockholders' equity $ 15,600,000 $ 14,700,000