! Required information Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 12-4 (Algo) Part 1 Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. 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.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity FEDERER SPORTS APPAREL Balance Sheet December 31 $ Amount 2025 1,692,000 1,164,000 2,424,000 8,280,000 (1,560,000) $ 12,000,000 $ 1,128,000 1,176,000 5,520,000 4,176,000 $ 12,000,000 % Amount 202 $ 500,000 800,000 1,200,000 8,280,000 (780,000) $ 10,000,000 $ 1,000,000 1,040,000 5,520,000 2,440,000 $ 10,000,000