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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

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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.) 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 Total liabilities and stockholders' equity $ 2.208,000 1.456,000 3,040,000 11,536,000 (2.240,000) $ 16,000,000 $ 728,000 1,078,000 1.778.000 11,536,000 (1.120,000) $ 14,000,000 $ 1,680,000 $ 1,600,000 1,392,000 6,048,000 6,960,000 $ 16,000,000 6,048,000 6,272,000 $ 14,000,000

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