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 $255,000 $140,360 Current assets Property, plant, and equipment 501,500 446,600 Intangible assets 51,040 93,500 170,000 Current liabilities 89,320 Long-term liabilities 374,000 299,860 68,000 Common stock Retained earnings 76,560 172,260 238,000 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 year year Amount Percent Current assets $255,000 Property, plant, and equipment 501,500 Previous Previous year year Amount Percent $140,360 446,600 51,040 Intangible assets 93,500 Total assets $850,000 $638,000 Current liabilities $170,000 $89,320 299,860 Long-term liabilities 374,000 Common stock 68,000 238,000 76,560 172,260 Retained earnings Total liabilities and stockholders' equity $850,000 $638,000