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Prepare a vertical analysis for Lake of Bays Corporation's balance sheet to determine the component percentages of its assets, liabilities, and shareholders' equity. Round percentages

Prepare a vertical analysis for Lake of Bays Corporation's balance sheet to determine the component percentages of its assets, liabilities, and shareholders' equity. Round percentages to the nearest one-tenth percent.

Lake of Bays Corporation

Balance Sheet

December 31, 2023

Assets
Total current assets $ 320,000
Long-term investments 100,000
Property, plant, and equipment, net 855,000
Total assets $1,275,000
Liabilities
Total current liabilities $210,000
Non-current debt 480,000
Total liabilities $690,000
Shareholders' equity
Total shareholders' equity $585,000
Total liabilities and shareholders' equity $1,275,000

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