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 Current Year Previous Year $275,500 $163,990 579,500 527,620 95,000 21,390 228,000 142,600 380,000 278,070 76,000 85,560 266,000 206,770 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholder 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 Previous Previous Current year year year year Amount Percent Amount Percent Current assets $275,500 % $163,990 % Property, plant, and equipment 579,500 % 527,620 % Intangible assets 95,000 % 21,390 % Total assets $950,000 % $713,000 % Current liabilities $228,000 % $142,600 % Long-term liabilities 380,000 % 278,070 % Common stock 76,000 % 85,560 % Retained earnings 266,000 % 206,770 % Total liabilities and stockholders' equity $950,000 % $713,000 %