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 1,692,000 500,000 Accounts receivable 1,164,000 800,000 Inventory 2,424,000 1,200,000 8,280,000 Buildings 8,280,000 Less: Accumulated depreciation (1,560,000) (780,000) $ 12,000,000 $ 10,000,000 Total assets Liabilities and Stockholders' Equity Accounts payable 1,128,000 1,000,000 Contingent liability 1,176,000 Common stock 5,520,000 5,520,000 Retained earnings 4,176,000 3,480,000 $ 10,000,000 $ 12,000,000 Total liabilities and stockholders' equity