Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings 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 Current Year $316,970 655,800 120,230 218,600 459,060 120,230 295,110 Previous Year $172,200 606,800 41,000 114,800 360,800 114,800 229,600 Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current year Amount Current year Percent Previous year Amount Previous year Percent Current assets Property, plant, and equipment Intangible assets Total assets $172,200 606,800 41,000 $820,000 $316,970 655,800 120,230 $1,093,000