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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.

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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 recolvable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earings 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

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