Ch 17-3 Exercises and Problems eBook Show Me How Calculator Print Item Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $274,890 $175,000 Property, plant, and equipment 449,820 387,500 Intangible assets 108,290 62,500 199,920 Current liabilities Long-term liabilities 341,530 125,000 250,000 75,000 66,640 Common stock Retained earnings 224,910 175,000 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. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current year year Amount Percent Current assets $274,890 % Property, plant, and equipment 449,820 % Intangible assets 108,290 % Previous Previous year year Amount Percent $175,000 % 387,500 % 62,500 % Total assets $833,000 $625,000 $199,920 Current liabilities Long-term liabilities 341,530 $125,000 250,000 75,000 175,000 Common stock 66,640 224,910 Retained earnings Total liabilities and stockholders' equity $833,000 % $625,000