Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: 1 Current Year Previous Year 2 Current assets $1,998,000.00 $1,518,000.00 3 Property, plant, and equipment 4,070,000.00 4,623,000.00 4 Intangible assets 1,332,000.00 759,000.00 5. Current liabilities 1,332,000.00 1,035,000.00 6 Long-term liabilities 1,850,000.00 2,208,000.00 7 Common stock 740,000.00 828,000.00 8 Retained earnings 3,478,000.00 2,829,000.00 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholdersequity item as a percent of the total liabilities and stockholders' equity. 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. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 1 Current Year Current Year Previous Year Previous Year 2 Amount Percent Amount Percent 3 Current assets $1,998,000.00 $1,518,000.00 4 Property, plant, and equipment 4,070,000.00 4,623,000.00 5 Intangible assets 1,332,000.00 759,000.00 6 Total assets $7,400,000.00 $6,900,000.00 7 Current liabilities $1,332,000.00 $1,035,000.00 8 Long-term liabilities 1,850,000.00 2,208,000.00 9 Common stock 740,000.00 828,000.00 10 Retained earnings 3,478,000.00 2,829,000.00 11 Total Liabilities and stockholders' equity $7,400,000.00 $6,900,000.00