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 Amount % 2021 Amount % Assets $ 3,087,000 1,764,000 3,717,000 14,763,000 (2,331,000) $ 21,000,000 $ 1,073,000 1.424,500 2,405,000 14,763,000 (1,165,500) $ 18,500,000 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 $ 2331,000 $ 1,953,000 1,995,000 9,324,000 7.728,000 $ 21,000,000 9,324,000 6,845,000 $ 18,500,000