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 Assets 2022 Amount % 2021 Amount Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 2,925,000 1,560,000 3,744,000 13,923,000 (2,652,000) $ 19,500,000 $ 765,000 1,428,000 2,210,000 13,923,000 (1,326,000) $ 17,000,000 Accounts payable Contingent liability Common stock $ 1,794,000 $ 1,887,000 1,891,500 7,293,000 Retained earnings Total liabilities and stockholders' equity 8,521,500 $ 19,500,000 Denu 7,293,000 7,820,000 $ 17,000,000