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.

Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows: 1 Current Year Previous Year 2 Current assets $1,300,000.00 $945,000.00 3,000,000.00 3,150,000.00 4 Intangible assets 700,000.00 405,000.00 5 Current liabilities 1,000,000.00 720,000.00 6 Long-term liabilities 1,500,000.00 1,575,000.00 500,000.00 495,000.00 2,000,000.00 1,710,000.00 3 Property, plant, and equipment 7 Common stock 8 Retained earnings 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. Balance Sheet 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. Novak Company Comparative Balance Sheet For the Years Ended December 31, 20-1 Current Year 2 Amount Current Previous Previous Year Year Year Percent Amount Percent 3 Assets 4 Current assets $1,300,000.00 $945,000.00 3,000,000.00 3,150,000.00 700,000.00 405,000.00 $5,000,000.00 $4,500,000.00 $1,000,000.00 $720,000.00 1,500,000.00 1,575,000.00 $2,500,000.00 $2,295,000.00 $500,000.00 $495,000.00 2,000,000.00 1,710,000.00 15 Total stockholders' equity $2,500,000.00 $2,205,000.00 5 Property, plant, and equipment 6 Intangible assets 7 Total assets 8 Liabilities 9 Current liabilities 10 Long-term liabilities 11 Total liabilities 12 Stockholders' Equity 13 Common stock 14 Retained earnings 16 Total liabilities and stockholders' equity $5,000,000.00 ____________ $ 4,500,000.00 _____________