Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, fallows: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings 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. Current Year $333,250 612,750 129,000 25B,000 430,000 96,750 290,250 Previous Year $193,440 572,260 40,300 161,200 338,520 104,780 201,500 Alvaraz Company Comparatve Balance Sheet For the Years Ended December 31 Current year Amount Current year Percent Previous year Amount Preious year Percent Current assets Property, plant, and equipment Intangible assets Total assets Current liabiities Long-term labiities Common stock Retained eamings Total liabilities and stockholders' equity $1,075,000 5333,250 512,750 129,000 1,075,000 $193,440 572,260 40,300 5806-000 $258,000 ? $161,200 ? 430,000 339,520 104700 201300 96,750 290,230- 805,000