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.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity FEDERER SPORTS APPAREL Balance Sheet December 31 Amount 2022 % 2021 Amount % $ 3,000,000 1,800,000 3,300,000 14,700,000 (2,800,000) $ 20,000,000 $ 980,000 1,242,500 1,977,500 14,700,000 (1,400,000) $ 17,500,000 1,840,000 9,100,000 7,140,000 $ 2,187,500 9,100,000 6,212,500 $ 17,500,000 Accounts payable $ 1,920,000 Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 20,000,000