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 $$314,160$ $$200,970$

Property, plant, and equipment $498,960450,450$

Intangible assets $110,88041,580$

Current liabilities $184,80097,020$

Long$-$term liabilities $341,880256,410$

Common stock $110,880110,880$

Retained earnings $286,440228,690$

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 $$314,160$ fill in the blank $1\%$ $$200,970$ fill in the blank $2\%$

Property, plant, and equipment $498,960$ fill in the blank $3\%450,450$ fill in the blank $4\%$

Intangible assets $110,880$ fill in the blank $5\%41,580$ fill in the blank $6\%$

Total assets $$924,000$ fill in the blank $7\%$ $$693,000$ fill in the blank $8\%$

Current liabilities $$184,800$ fill in the blank $9\%$ $$97,020$ fill in the blank $10\%$

Long$-$term liabilities $341,880$ fill in the blank $11\%256,410$ fill in the blank $12\%$

Common stock $110,880$ fill in the blank $13\%110,880$ fill in the blank $14\%$

Retained earnings $286,440$ fill in the blank $15\%228,690$ fill in the blank $16\%$

Total liabilities and stockholders' equity $$924,000$ fill in the blank $17\%$ $$693,000$ fill in the blank $18\%$