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 Current assets $346,240 $211,120 535,920 Property, plant, and equipment Intangible assets Current liabilities 616,740 119,020 64,960 194,760 113,680 Long-term liabilities 357,280 Common stock Retained earnings 454,440 97,380 335,420 105,560 235,480 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 year Amount Current year Percent Previous year Amount Previous year Percent Current assets $346,240 $211,120 Property, plant, and equipment 616,740 535,920 Intangible assets 119,020 % 64,960 Total assets $1,082,000 $812,000 Current liabilities $194,760 $113,680 Long-term liabilities 454,440 357,280 Common stock 97,380 105,560 Retained earnings 335,420 235,480 Total liabilities and stockholders' equity $1,082,000 $812,000