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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

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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.) 2021 Amount % FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount % Assets Cash $ 3,087.000 Accounts receivable 1.764,000 Inventory 3,717,000 Buildings 14.763,000 Loss: Accumulated depreciation (2,331,000) Total assets $ 21,000,000 Liabilities and Stockholders' Equity Accounts payable $ 1,053,000 Contingent liability 1,995,000 Common stock 9,324,000 Retained earnings 7,728,000 Total liabilities and stockholders equity $ 21,000,000 $ 1,073,000 1,424,500 2,405,000 14,763,000 (1,165,500) $ 18,500,000 $ 2,331,000 9,324,000 6,845,000 $ 18,500,000

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