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 $313,500 $196,000 540,960 Property, plant, and equipment 595,650 Intangible assets 135,850 47,040 Current liabilities 250,800 148,960 Long-term liabilities 365,750 266,560 Common stock 104,500 109,760 Retained earnings 323,950 258,720 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 Current year Amount Current y PercentPrevious year Amount Previous year Percent Current assets Property, plant, and equipment 595,650 540,960 135,850 47,040 Intangible assets $1,045,000 5784,000 Total assets Current liabilities $250,800 $148,960 Long-term liabilities 365,750 266,560 Common stock 104,500 109,760 323,950 258,720 Retained earnings Total liabilities and stockholders' equity $1,045,000 5784,000