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 $$265,060$ $$144,060$

Property, plant, and equipment $520,980473,340$

Intangible assets $127,96068,600$

Current liabilities $164,52075,460$

Long$-$term liabilities $393,020308,700$

Common stock $91,40089,180$

Retained earnings $265,060212,660$

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 $$265,060$ fill in the blank $1$

$\%$ $$144,060$ fill in the blank $2$

$\%$

Property, plant, and equipment $520,980$ fill in the blank $3$

$\%473,340$ fill in the blank $4$

$\%$

Intangible assets $127,960$ fill in the blank $5$

$\%68,600$ fill in the blank $6$

$\%$

Total assets $$914,000$ fill in the blank $7$

$\%$ $$686,000$ fill in the blank $8$

$\%$

Current liabilities $$164,520$ fill in the blank $9$

$\%$ $$75,460$ fill in the blank $10$

$\%$

Long$-$term liabilities $393,020$ fill in the blank $11$

$\%308,700$ fill in the blank $12$

$\%$

Common stock $91,400$ fill in the blank $13$

$\%89,180$ fill in the blank $14$

$\%$

Retained earnings $265,060$ fill in the blank $15$

$\%212,660$ fill in the blank $16$

$\%$

Total liabilities and stockholders' equity $$914,000$ fill in the blank $17$

$\%$ $$686,000$