Required: 1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. 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 2015 2016 Amount Amount Assets 500,000 1,692,000 Cash 1.164,000 800,000 Accounts receivable 1.200,000 2,424,000 Inventory Buildings 8,280,000 8,280,000 (1,560,000) Less: Accumulated depreciation (780,000) S 12,000,000 10,000,000 Total assets Liabilities and Stockholders' Equity 1.128,000 1,000,000 Accounts payable 0 1,176,000 Contingent liability 5,520,000 5,520,000 Common stock 4.176.000 3480,000 Retained earnings S 10,000,000 Total liabilities and stockholders' equity S 12,000,000