IN A RUSH ACCOUNTING

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year $182,400 383,040 42,560 97,280 279,680 72,960 158,080 $283,500 445,500 81,000 170,100 348,300 64,800 226,800 Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings 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 Previous Previous year Percent year Amount Percent year year Amount Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock $283,500 $182,400 383,040 445,500 42.56010% 81,000( $810,000 $170,100 348,300 $608,000 $97,280 279,680 64,800 72,960 Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year Amount Percent year year Amount Percent Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $283,500 $182,400 383,040 42,560 $608,000 $97,280 279,680 72,960 158,080 445,500 81,000 $810,000 170,100 64,800 226,800 $810,000 | -6 $608,000-7%