Complete a vertical analysis on the balance sheet for Jake's Service for December 31 of last year. The company assets are cash $29,000, accounts receivable $42,000, merchandise inventory and equipment $60, 000. The are accounts payable $25,000, wages payable $21,000, and mortgage note payable $62,000. The owner's capital is $112,979. Express answers as a percent rounded to the nearest tenth. Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 28.7% Wages payable 24.1% Mortgage note payable 71.2% Total 100% Jake's capital 56.5% Total and owner's equity 100% Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 28.7% Wages payable 24.1% Mortgage note payable 71.2% Total 43.5% Jake's capital 56.5% Total and owner's equity 100% Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 12.5% Wages payable 10.5% Mortgage note payable 71.2% Total 43.5% Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 12.5% Wages payable % Mortgage note payable % Total 43.5% Complete a vertical analysis on the balance sheet for Jake's Service for December 31 of last year. The company assets are cash $29,000, accounts receivable $42,000, merchandise inventory and equipment $60, 000. The are accounts payable $25,000, wages payable $21,000, and mortgage note payable $62,000. The owner's capital is $112,979. Express answers as a percent rounded to the nearest tenth. Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 28.7% Wages payable 24.1% Mortgage note payable 71.2% Total 100% Jake's capital 56.5% Total and owner's equity 100% Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 28.7% Wages payable 24.1% Mortgage note payable 71.2% Total 43.5% Jake's capital 56.5% Total and owner's equity 100% Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 12.5% Wages payable 10.5% Mortgage note payable 71.2% Total 43.5% Jake's Janitorial Service Balance Sheet Cash 14.5% Accounts receivable 21.0% Merchandise inventory 34.5% Equipment 30.0% Total assets 100% Accounts payable 12.5% Wages payable % Mortgage note payable % Total 43.5%