Question: Can Someone please help me answer this one wrong question I got. I have been trying to figure it out all day and keep getting

Can Someone please help me answer this one wrong question I got.Can Someone please help me answer this one wrong question I got. I have been trying to figure it out all day and keep getting the same answer.

Required information (The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Balance Sheet December 31 2022 2021 Amount % Amount % Assets Cash 5.8 8.8 $ 2,300,000 1,500,000 2.800.000 11,000,000 (2,000,000) $15,600,000 Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock 14.7$ 800,000 9.6 1,200,000 17.9 X 1,700,000 70.5 11,000,000 (12.8) (1,000,000) 100.0 $13,700,000 12.4 80.3 (7.3) 100.0 12.4 0.0 $ 1,450,000 1,500,000 8,000,000 4,650,000 $ 15,600,000 9.3$ 1,700,000 9.6 51.3 8,000,000 29.8 4,000,000 100.0 $13,700,000 58.4 Retained earnings Total liabilities and stockholders' equity 29.2 100.0

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