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 $260,400 $156,240 Property, plant, and equipment 468,720 Intangible assets 520,800 86,800 156,240 Current liabilities 26,040 91,140 292,950 Long-term liabilities 381,920 Common stock 78,120 71,610 Retained earnings 251,720 195,300 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 stockhold 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 $260,400 Previous year Amount $156,240 Previous year Percent Current assets Property, plant, and equipment 520,800 Intangible assets 86,800 468,720 26,040 $651,000 Total assets $868,000 % Current liabilities $91,140 Long-term liabilities $156,240 381,920 78,120 251,720 292,950 71,610 Common stock Retained earnings 195,300 Total liabilities and stockholders' equity $868,000 $651,000