The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. 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 Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings 2025 Amount % 2024 Amount % $ 2,220,000 14.8 $ 1,000,000 8.0 1,530,000 10.2 1,200,000 9.6 3,675,000 24.5 1,750,000 14.0 9,525,000 64.2 9,525,000 76.2 (1,950,000) (13.0) (975,000) (7.8) $ 15,000,000 $12,500,000 $ 1,500,000 990,000 1,200.000 900,000 6,900,000 5,610,000 6,900,000 3,500,000 $ 12,500,000 Total liabilities and stockholders' equity $ 15,000,000