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 $304,150 $176,040 460,570 423,800 Property, plant, and equipment Intangible assets 104,280 52,160 Current liabilities 191,180 97,800 Long-term liabilities 364,980 306,440 Common stock 78,210 84,760 Retained earnings 234,630 163,000 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. 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 Previous Previous year year year year Amount Percent Amount Percent Current assets $304,150 % $176,040 % Property, plant, and equipment 460,570 % 423,800 % Intangible assets 104,280 % 52,160 % Total assets $869,000 % $652,000 % Current liabilities $191,180 % $97,800 % 364,980 % 306,440 % Long-term liabilities Common stock 78,210 % 84,760 % Retained earnings 234,630 % 163,000 % Total liabilities and stockholders' equity $869,000 % $652,000 %