The balance sheets for Federer sports apparel for 2022 and 2021 are presented below. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets.

	2022		2021
	amount	%	Amount	%
assets
cash	$2,300,000		$800,000
accounts receivable	1,500,000		1,200,000
inventory	2,800,000		1,700,000
buildings	11,000,000		11,000,000
less accumulated depreciation	(2,000,000)		(1,000,000)
total assets	$15,600,000	100.00	$13,700,000	100.0
liabilities and stockholders equity
accounts payable	$1,450,000		$1,700,000
contingent liability	1,500,000
common stock	8,000,000		8,000,000
retained earnings	4,650,000		4,000,000
total liabilities and stockholders equity	$15,600,000	100.0	13,700,000	100.0