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 $289,500 $173,760 Property, plant, and equipment 550,050 485,080 Intangible assets 125,450 65,160 Current liabillities 212,300 123,080 Long-term liabilities 357,050 296,840 Common stock 86,850 79,640 Retained earnings 308,800 224,440 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 Percent year Amount year Percent year Amount Current assets $289,500 $173,760 Property, plant, and equipment 550,050 485,080 65,160 Intangible assets 125,450 Total assets $965,000 $724,000 Check My Work 2 more Check My Work uses remaining. Previous Next Current liabilities 212,300 123,080 Long-term liabilities 357,050 296,840 Common stock 86,850 79,640 Retained earnings 308,800 224,440 Prepare a comparative balance sheet for both years,stating each asset as a percent of total a 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 Amount Percent year year Amount Percent year Current assets $289,500 $173,760 % Property,plant, and equipment 550,050 485,080 % 65,160 125,450 Intangible assets $724,000 $965,000 Total assets % $212,300 $123,080 Current liabilities % Long-term liabilities 296,840 357,050 79,640 Common stock 86,850 % 224,440 308,800 Retained earnings % $965,000 $724,000 Total liabilities and stockholders' equity