Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Previous Year $169,970 524,690 44,340 118,240 310,380 96,070 214,310 Current Yea 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 $285,650 600,850 98,500 226,550 394,000 88,650 275,800 Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year $285,650 600,850 year Amount Percent year Amount Percent year Current assets Property, plant, and equipment Intangible assets Total assets $169,970 524,690 44,340 $739,000 98,500 $985,000