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 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 $ 3,168,000 1,804,000 3,300,000 16,302,000 (2,574,000) $ 22,000,000 $ 819,000 1,443,000 2,223,000 16,302,000 (1,287,000) $ 19,500,000 $ 2,496,000 $ 1,936,000 2,156,000 8,580,000 9,328,000 $ 22,000,000 8,580,000 8,424,000 $ 19,500,000