Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Previous Year Current assets $162,250 Property, plant, and equipment 447,810 Intangible assets 38,940 Current Year $268,150 493,050 103,800 155,700 380,600 95,150 233,550 Current liabilities 77,880 311,520 Long-term liabilities Common stock 90,860 Retained earnings 168,740 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 $268,150 $162,250 Property, plant, and equipment 493,050 447,810 Intangible assets 103,800 38,940 Total assets $865,000 $649,000 Current liabilities $155,700 $77,880 Long-term liabilities 380,600 311,520 Common stock 95,150 90,860 Retained earnings 233,550 168,740 Total liabilities and stockholders' equity $865,000 $649,000