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Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) & Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount 2021 Amount % % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings $ 2,200,000 1,456,000 3,040,000 11,536,000 (2,240,000) $ 16,000,000 7.3 $ 728,000 1.1 1,078.000 1.8 % 1,778,000 11.5 11.536.000 (1.1) (1,120,000) 14.0 $14,000,000 203.3 X 35.1 x 71.0 X 0.0 X 100.0 X 14.3 % (4.8) $ 1,600,000 1,392,000 6,048,000 6.960,000 1.7 $ 1,680,000 0.0 6.0 X 6.048.000 6.3 % 6,272,000 0.0 % 11.0 X "WE W Yuv ACCATC laminte TA NA RARITAR enAnA na inni minnie einn vann VIP anetare to normal niarai Required information 2021 Amount % FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount Assets Cash $ 2,200,000 Accounts receivable 1,456,000 Inventory 3,040,000 Buildings 11,536,000 Less: Accumulated depreciation (2.240,000) Total assets $ 16,000,000 Liabilities and Stockholders' Equity Accounts payable S 1,600,000 Contingent liability 1,392,000 Common stock 6,048,000 Retained earnings 6,950,000 Total liabilities and stockholders' equity $ 16,000,000 7.3 X 1.1 1.8 X 11.5 (1.1) 14.0 $ 728,000 1,078,000 1,778,000 11.536.000 (1,120,000) $14.000.000 203.3 % 35.1 X 71.0 0.0 100.0 14.3 $ 1,680.000 (4.8) 1.7 X 0.0 6.0 X 6.3 X 14.0 6.048.000 6,272.000 $14.000.000 0.0 % 11.0X 14.3