The balance sheets for Federer Sports Apparel for 2019 and 2018 are presented below.

Required: 1. Prepare a vertical analysis of the balance sheet data for 2019 and 2018. 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 2019 2018 Amount % Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 3,045,000 1,743,000 3,045,000 15,561,000 (2,394,000) $ 21,000,000 $ 988,000 1,368,000 2,280,000 15,561,000 (1,197,000) $ 19,000,000 $ 2,337,000 $ 1,827,000 1,827,000 8,778,000 8,568,000 $ 21,000,000 8,778,000 7,885,000 $ 19,000,000