Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $2,800,000 $1,840,000 Property, plant, and equipment 5,200,000 6,072,000 Intangible assets 2,000,000 1,288,000 Current liabilities 1,800,000 1,380,000 Long-term liabilities 3,600,000 3,680,000 Common stock 980,000 920,000 3,620,000 3,220,000 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. When required, round percentages to one decimal place. Alvarez Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous Line Item Description Year Amount Percent Year Year Year Amount Percent Current assets $2,800,000 % $1,840,000 % Property, plant, and equipment 5,200,000 % 6,072,000 % Intangible assets 2,000,000 % 1,288,000 Total assets $10,000,000 % $9,200,000 % Current liabilities $1,800,000 % $1,380,000 Long-term liabilities 3,600,000 Common stock Retained earnings 980,000 3,620,000 % 3,680,000 % % 920,000 % % 3,220,000 % Total liabilities and stockholders' equity $10,000,000 % $9,200,000 %