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	$1,262,500.00	$955,500.00
3	Property, plant, and equipment	2,878,500.00	3,185,000.00
4	Intangible assets	909,000.00	409,500.00
5	Current liabilities	858,500.00	728,000.00
6	Long-term liabilities	1,464,500.00	1,729,000.00
7	Common stock	505,000.00	455,000.00
8	Retained earnings	2,222,000.00	1,638,000.00

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.

Balance Sheet

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	$1,262,500.00		$955,500.00
4	Property, plant, and equipment	2,878,500.00		3,185,000.00
5	Intangible assets	909,000.00		409,500.00
6	Total assets	$5,050,000.00		$4,550,000.00
7	Current liabilities	$858,500.00		$728,000.00
8	Long-term liabilities	1,464,500.00		1,729,000.00
9	Common stock	505,000.00		455,000.00
10	Retained earnings	2,222,000.00		1,638,000.00
11	Total liabilities and stockholders equity	$5,050,000.00		$4,550,000.00