Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) ALLENDALE COMPANY Vertical Analysis of Balance Sheets Year 4 Year 3 Percentage of Total Percentage of Total Amount Amount Assets Current assets $ 40,000 Cash % 36,000 Marketable securities 20,000 6,000 Accounts receivable (net) 54,000 46,000 Inventories 135.000 143,000 25,000 Prepaid items 10,000 Total current assets 274,000 241,000 27,000 20,000 Investments Plant (net) 270,000 255,000 Land 29,000 24,000 299,000 Total long-term assets 326,000 $600,000 540,000 Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable 17,000 $ 6,000 Accounts payable 113,800 100,000 Salaries payable 21,000 15,000 Total current liabilities 151,800 121,000 Noncurrent liabilities Bonds payable 100,000 100,000 Other 32,000 27,000 127,000 Total noncurrent liabilities 132,000 248,000 Total liabilities 283,800 Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 8,000 shares authorized and issued) 80,000 80,000 Common stock (no par, 50,000 shares authorized, 10,000 shares issued) Retained earnings 80,000 80,000 132,000 156,200 Total stockholders' equity 316,200 292,000 540,000 % Total liabilities & stockholders' equity 600,000