Prepare a vertical analysis of Fantasy Football's 2015 and 2014 balance sheets. Express each amount as a percentage of total assets for that year.

FANTASY FOOTBALL Balance Sheet For the Years Ended December 31, 2015 and 2014 2015 2014 Amount Amount Assets Current assets Cash Accounts receivable Inventory Supplies 154,000 740,000 1,355,000 100,000 204,000 760,000 1,025,000 75,000 Long-term assets 1,100,000 (400,000) S 3,049,000 1,100,000 (200,000) $ 2,964,000 Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities 105,000 Accounts payable Interest payable Income tax payable 81,000 4,000 35,000 35,000 Long-term liabilities Notes payable 500,000 500,000 Stockholders' equity 600,000 1,809,000 Total liabilities and stockholders' equity S 3,049,000 600,000 1,744,000 $ 2,964,000 Common stock Retained earnings