1. 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	$305,350		$192,140
   Property, plant, and equipment	551,600		480,350
   Intangible assets	128,050		66,510
   Current liabilities	216,700		110,850
   Long-term liabilities	384,150		317,770
   Common stock	118,200		103,460
   Retained earnings	265,950		206,920

   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	$305,350	fill in the blank 1%	$192,140	fill in the blank 2%
   Property, plant, and equipment	551,600	fill in the blank 3%	480,350	fill in the blank 4%
   Intangible assets	128,050	fill in the blank 5%	66,510	fill in the blank 6%
   Total assets	$985,000	fill in the blank 7%	$739,000	fill in the blank 8%
   Current liabilities	$216,700	fill in the blank 9%	$110,850	fill in the blank 10%
   Long-term liabilities	384,150	fill in the blank 11%	317,770	fill in the blank 12%
   Common stock	118,200	fill in the blank 13%	103,460	fill in the blank 14%
   Retained earnings	265,950	fill in the blank 15%	206,920	fill in the blank 16%
   Total liabilities and stockholders' equity	$985,000	fill in the blank 17%	$739,000	fill in the blank 18%