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 $160,310 $278,700 Current assets Property, plant, and equipment 520,240 466,990 Intangible assets 130,060 69,700 Current liabilities 167,220 76,670 341,530 Long-term liabilities 390,180 74,320 Common stock 69,700 Retained earnings 297,280 209,100 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 Amount Percent Previous Previous year year Amount year Percent Current assets $278,700 $160,310 466,990 Property, plant, and equipment 520,240 % % 130,060 69,700 Intangible assets % $929,000 $697,000 Total assets Current liabilities $167,220 $76,670 % 390,180 Long-term liabilities % 341,530 % Common stock 74,320 69,700 % 297,280 % Retained earnings 209,100 % $697,000 Total liabilities and stockholders' equity $929,000