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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 2022 2021 Amount % Amount % Assets Cash Accounts receivable $ 2,300,000 1,500,000 2,800,000 11,000,000 (2,000,000) $ 15,600,000 $ 800,000 1,200,000 1,700,000 11,000,000 (1,000,000) $ 13,700,000 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ $ 1,700,000 1,450,000 1,500,000 8,000,000 4,650,000 $ 15,600,000 8,000,000 4,000,000 $ 13,700,000