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 cach 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 Llabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 2,756,500 1,720,500 3,367,000 13,024,000 (2,368,000) $ 18,500,000 $ 896,000 1.232.000 2,032,000 13.024,000 (1.184,000) $ 16,000,000 4 1,792,000 5 1,591,000 1,850,000 7,696,000 7.363,000 $ 18,500,000 7,696,000 6.512,000 $ 16,000,000