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.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount % $ 1,712,500 1,175,000 2,862,500 8,250,000 2021 Amount % $ 600,000 780,000 1,120,000 8,250,000 (1,500,000) (750,000) $ 12,500,000 $ 10,000,000 $ 1,237,500 $ 1,300,000 1,200,000 5,100,000 Retained earnings 4,962,500 Total liabilities and stockholders' equity $ 12,500,000 5,100,000 3,600,000 $ 10,000,000