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 2021 Amount % Amount % Assets Cash Accounts receivable $ 2,370,000 1,215,000 4,275,000 8,460,000 (1,320,000) $ 15,000,000 $ 948,000 972,000 2,280,000 8,460,000 (660,000) $ 12,000,000 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock $ 1,500,000 $ 1,725,000 1,470,000 6,000,000 5,805,000 $ 15,000,000 6,000,000 Retained earnings Total liabilities and stockholders' equity 4,500,000 $ 12,000,000