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Retained earnings, Current year, 33.0% EX 17-4 Vertical analysis of balance sheet OBJ. 2 Balance sheet data for Kwan Company on December 31, the end

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Retained earnings, Current year, 33.0% EX 17-4 Vertical analysis of balance sheet OBJ. 2 Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years. SHOW ME HOW Current Year Prior Year Current assets $2.352,000 $1,900,000 Property, plant and equipment 4.536.000 4,712,000 Intangible assets 1.512.000 988,000 Current liabilities 1.848.000 1,444,000 Long-term liabilities 2.520.000 2,888,000 Common stock 1.250.000 836.000 Retained earnings 2.772.000 2,432,000 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Round percentages to one decimal place

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