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 $323,750 $194,320 451,100 Property, plant, and equipment Intangible assets 48,580 481,000 120,250 212,750 351,500 Current liabilities 117,980 Long-term liabilities 284,540 92,500 97,160 Common stock Retained earnings 268,250 194,320 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 $323,750 $194,320 Property, plant, and equipment 481,000 451,100 Intangible assets 120,250 48,580 Total assets $925,000 $694,000 Current liabilities $212,750 $117,980 APOOD2200 Long-term liabilities 351,500 284,540 Common stock 92,500 97,160 Retained earnings 268,250 194,320 Total liabilities and stockholders' equity $925,000 $694,000