Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. 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 Cash Accounts receivable es Inventory 2025 Amount 2024 Amount % $ 2,310,000 $ 840,000 1,305,000 1,044,000 2,136,000 Buildings Less: Accumulated depreciation Liabilities and Stockholders' Equity Total assets Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 4,005,000 8,580,000 (1,200,000) $ 15,000,000 $ 1,725,000 1,230,000 4,920,000 7,125,000 $ 15,000,000 8,580,000 (600,000) $ 12,000,000 $ 1,380,000 1,050,000 4,920,000 4,650,000 $ 12,000,000