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 $320,400 $176,220 584,730 Property, plant, and equipment Intangible assets 640,800 106,800 234,960 40,050 Current liabilities 136,170 Long-term liabilities 395,160 328,410 Common stock 117,480 112,140 Retained earnings 320,400 224,280 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. 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 year year Amount Percent $320,400 % Previous Previous year year Amount Percent $176,220 Current assets Property, plant, and equipment 640,800 % 584,730 40,050 Intangible assets 106,800 Total assets $1,068,000 $801,000 Current liabilities $234,960 $136,170 Long-term liabilities 328,410 Common stock 395,160 117,480 320,400 112,140 224,280 Retained earnings Total liabilities and stockholders' equity $1,068,000 $801,000