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Current Year Previous Year Current assets $337,280 609,280 $204,000 563,040 Property, plant, and equipment Intangible assets 141,440 48,960 Current liabilities 89,760 195,840 435,200 Long-term liabilities

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Current Year Previous Year Current assets $337,280 609,280 $204,000 563,040 Property, plant, and equipment Intangible assets 141,440 48,960 Current liabilities 89,760 195,840 435,200 Long-term liabilities 342,720 114,240 Common stock 108,800 Retained earnings 348,160 269,280 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 $337,280 Property, plant, and equipment 609,280 Previous Previous year year Amount Percent $204,000 563,040 48,960 Intangible assets 141,440 Total assets $1,088,000 $816,000 Current liabilities $195,840 Long-term liabilities 435,200 $89,760 342,720 114,240 269,280 Common stock 108,800 Retained earnings 348,160 Total liabilities and stockholders' equity $1,088,000 $816,000

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