Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. should be entered as 23.45).) RUNDLE COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Percentage of Total Amount Amount Assets Current assets Cash $ % $ Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets 17,900 20,500 54,600 135,500 26,100 254,600 27,000 12,400 7,400 46,600 144,500 12,000 222,900 20,600 Investments 27,000 270,500 29,800 327,300 $ 581,900 20,600 255,400 25,600 301,600 $ 524,500 $ $ Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10,4% cumulative, nonparticipating; 6,900 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 16,000 113,500 20,900 150,400 5,400 98,300 14,700 118,400 98,500 31,500 130,000 280,400 98,500 25,200 123,700 242,100 69,000 69,000 163,500 301,500 $ 581,900 69,000 69,000 144,400 282,400 $ 524,500 % Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) RUNDLE COMPANY Vertical Analysis of Income Statements 2019 2018 Percentage of Sales Amount Percentage of Amount Sales % $ 231,500 9,700 241,200 $ 211,400 6,900 218,300 Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income 119,800 53,500 6,600 22,600 202,500 38,700 101,100 49,500 5,800 21,600 178,000 $ 40,300 $ %