Required information [The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 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 2,431,000 1,581,000 3,128,000 11,832,000 (1,972,000) 17,000,000 $ 754,000 1,305,000 1,595,000 11,832,000 (986,000) $ 14,500,000 $ $ 1,856,000 $ 1,496,000 1,360,000 7,888,000 6,256,000 $ 17,000,000 7,888,000 4,756,000 $ 14,500,000