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.

Balance Sheet Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Year Current Year Previous Year Previous Year Amount Percent Amount Percent 3 Current assets 4 Property, plant, and equipment 5 Intangible assets 6 Total assets 7 CurrentLiabilities 8 Long-term Liabilities 9 Common stock 10 Retained earnings 11 Total liabilities and stockholders' equity $1,495,000.00 3,565,000.00 690,000.00 $5,750,000.00 $1,150,000.00 1,725,000.00 575,000.00 2,300,000.00 $5,750,000.00 $1,207,500.00 3,622,500.00 420,000.00 5,250,000.00 $892,500.00 1,890,000.00 420,000.00 2,047500.00 $5,250,000.00