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 $291,400 $176,250 Property, plant, and equipment 545,200 500,550 Intangible assets 103,400 28,200 Current liabilities 197,400 98,700 Long-term liabilities 376,000 310,200 Common stock 84,600 91,650 Retained earnings 282,000 204,450 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 Previous Previous year year Amount Percent Amount Percent Current assets $291,400 % $176,250 Property, plant, and equipment 545,200 500,550 Intangible assets 103,400 % 28,200 % Current year year % % % 197,400 98,700 Long-term liabilities 376,000 310,200 Common stock 84,600 91,650 Retained earnings 282,000 204,450 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 Previous Previous year year year year Amount Percent Amount Percent Current assets $291,400 % $176,250 % Property, plant, and equipment 545,200 % 500,550 % Intangible assets 103,400 % 28,200 96 Total assets $940,000 % $705,000 % % $98,700 % $197,400 376,000 % 310,200 Current liabilities Long-term liabilities Common stock Retained earnings 84,600 % % 91,650 204,450 282,000 % % % $705,000 % Total liabilities and stockholders' equity $940,000