Homework Chapter 812 Saved Help Save & Exit S Check my 3 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. Part 1 of 2 2.5 gints 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.) ebook FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount % 2021 Hire Amount $ 800,000 990,000 1,660,000 7,150,000 (600,000) $10,000,000 References Assets Cash Accounts receivable Inventory Buildings Los: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common Stock Retained eaming Total liabilities and stockholders' equity $2,200,000 1.237,500 3,112,500 7.150,000 (1.200.000) $ 12,500,000 $ 1,250,000 $ 1,512,500 M50,000 5,050,000 5,067.500 $ 12,500,000 5,050.000 3.700,000 $ 10,000,000