Kappa Designs, Inc. has the following data: (Click the icon to view the data.) Perform a vertical analysis of Kappa Designs' balance sheet for each year. Begin by performing a vertical analysis of Kappa Designs' balance sheet for 2024, then perform the analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.) Kappa Designs, Inc. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total 2023 Percent of Total Assets Total Current Assets $ 25,000 12.5 % $ 73,440 % Property, Plant, and Equipment, Net 153,600 76.8% 168,300 % 21,400 10.7 64,260 % % Other Assets $ 200,000 100.0 $ 306,000 % % Total Assets Liabilities Total Current Liabilities $ 27,600 13.8 % $ 49,266 % 72,400 36.2% 208,998 % Long-term Debt Total Liabilities. 100,000 50.0 % 258,264 % Kappa Designs, Inc. has the following data: (Click the icon to view the data.) Perform a vertical analysis of Kappa Designs' balance sheet for each year. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total 2023 Percent of Total Assets Total Current Assets 25,000 12.5 % $ 73,440 % Property, Plant, and Equipment, Net 153,600 76.8 % 168,300 % 21,400 10.7 64,260 Other Assets % % 200,000 Total Assets 100.0 $ % 306,000 % Liabilities Total Current Liabilities $ 27,600 13.8 % $ 49,266 % 72,400 36.2 208,998 Long-term Debt % % Total Liabilities 100,000 50.0 % 258,264 % Stockholders' Equity 100,000 50.0 47,736 Total Stockholders' Equity % % $ 200,000 100.0 $ 306,000 Total Liabilities and Stockholders' Equity % % Data Table Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 - Assets Total Current Assets $ 25,000 $ 73,440 Property, Plant, and Equipment, Net 153,600 168,300 21,400 64,260 Other Assets $ 200,000 $ 306,000 Total Assets Liabilities Total Current Liabilities $ 27,600 $ 49,266 72,400 208,998 Long-term Debt Total Liabilities 100,000 258,264 Stockholders' Equity Total Stockholders' Equity 100,000 47,736 $ 200,000 $ 306,000 Total Liabilities and Stockholders' Equity Print Done