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 Assets 2022 Amount % 2021 Amount 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 $ 2,327,500 1,487,500 3,185,000 12,600,000 (2,100,000) $ 17,500,000 $ 1,592,500 1,592,500 7,665,000 6,650,000 $ 17,500,000 $ 615,000 1,155,000 1,680,000 12,600,000 (1,050,000) $ 15,000,000 $ 1,890,000 7,665,000 5,445,000 $ 15,000,000