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 $346,500 $212,760 588,000 527,960 115,500 47,2801 252,000 149,720 409,500 299,440 84,000 304,500 94,560 244,280 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each lability 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 year Current Previous Previous year year year Amount Percent Amount Percent Current assets $346,500 % $212,760 % Property, plant, and equipment 588,000 % 527,960 % Intangible assets 115,500 % 47,280 % Total assets $1,050,000 % $788,000 % Current liabilities $252,000 % $149,720 % Long-term liabilities 409,500 % 299,440 % Common stock 84,000 % 94,560 % Retained earnings 304,500 % 244,280 % Total liabilities and stockholders' equity $1,050,000 % $788,000 %