Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $219,600 446,520 Property, plant, and equipment Intangible assets $341,600 517,280 117,120 214,720 Current liabilities 65,880 117,120 300,120 Long-term liabilities 380,640 Common stock 87,840 87,840 292,800 Retained earnings 226,920 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current year year Amount Percent Current assets $341,600 Property, plant, and equipment 517,280 Intangible assets 117,120 Previous Previous year year Amount Percent $219,600 446,520 65,880 Total assets $976,000 $732,000 Current liabilities $214,720 380,640 Long-term liabilities $117,120 300,120 87,840 Common stock 87,840 Retained earnings 292,800 226,920 $732,000 Total liabilities and stockholders' equity $976,000