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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $2,800,000 $1,840,000

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

Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 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. When required, round percentages to one decimal place.

Alvarez Company Comparative Balance Sheet For the Years Ended December 31
Current Year Amount Current Year Percent Previous Year Amount Previous Year Percent
Current assets $2,800,000 fill in the blank 1% $1,840,000 ?%
Property, plant, and equipment 5,200,000 fill in the blank 3% 6,072,000 ?%
Intangible assets 1,800,000 ?% 1,288,000 ?%
Total assets $10,000,000 ?% $9,200,000 ?%
Current liabilities $1,800,000 ?% $1,380,000 ?%
Long-term liabilities 3,600,000 ?% 3,620,000 ?%
Common stock 980,000 ?% 920,000 ?%
Retained earnings 3,620,000 fill in the blank 15% 3,220,000 fill in the blank 16%
Total liabilities and stockholders' equity $10,000,000 fill in the blank 17% $9,200,000 fill in the blank 18%

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