Vertical Analysis of Balance Sheet

Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:

	Current Year		Previous Year
Current assets	$326,700		$193,180
Property, plant, and equipment	554,400		497,810
Intangible assets	108,900		52,010
Current liabilities	217,800		118,880
Long-term liabilities	415,800		356,640
Common stock	79,200		74,300
Retained earnings	277,200		193,180

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.

Kwan Company
Comparative Balance Sheet
For the Years Ended December 31
	Current year Amount	Current year Percent	Previous year Amount	Previous year Percent
Current assets	$326,700	fill in the blank 1%	$193,180	fill in the blank 2%
Property, plant, and equipment	554,400	fill in the blank 3%	497,810	fill in the blank 4%
Intangible assets	108,900	fill in the blank 5%	52,010	fill in the blank 6%
Total assets	$990,000	fill in the blank 7%	$743,000	fill in the blank 8%
Current liabilities	$217,800	fill in the blank 9%	$118,880	fill in the blank 10%
Long-term liabilities	415,800	fill in the blank 11%	356,640	fill in the blank 12%
Common stock	79,200	fill in the blank 13%	74,300	fill in the blank 14%
Retained earnings	277,200	fill in the blank 15%	193,180	fill in the blank 16%
Total liabilities and stockholders' equity	$990,000	fill in the blank 17%	$743,000	fill in the blank 18%