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.) FEDERER SPORTS APPAREL Balance Sheet December 31 ! Required information 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 Amount % Amount % $ 2,640,000 1,820,000 3,300,000 14,400,000 (2,160,000) $ 20,000,000 $ 1,640,000 1,900,000 9,360,000 7,100,000 $ 20,000,000 $ 990,000 1,512,000 2,178,000 14,400,000 (1,080,000) $ 18,000,000 $ 2,178,000 1,160,000 9,360,000 5,302,000 $ 18,000,000