Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end...

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Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Current Year Previous Year $279,310 $162,240 531,590 466,440 90,100 47,320 189,210 94,640 378,420 90,100 243,270 324,480 87,880 Retained earnings 169,000 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. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year Amount year Percent year year Amount Percent Current assets $279,310 %% $162,240 06 Property, plant, and equipment 531,590 % 466,440 % Intangible assets 90,100 % 47,320 % Total assets $901,000 % $676,000 % Current liabilities $189,210 % $94,640 % Long-term liabilities Common stock 378,420 90,100 10/0 Retained earnings 243,270 % % 324,480 87,880 169,000 % % % Total liabilities and stockholders' equity $901,000 % $676,000 % Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Current Year Previous Year $279,310 $162,240 531,590 466,440 90,100 47,320 189,210 94,640 378,420 90,100 243,270 324,480 87,880 Retained earnings 169,000 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. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year Amount year Percent year year Amount Percent Current assets $279,310 %% $162,240 06 Property, plant, and equipment 531,590 % 466,440 % Intangible assets 90,100 % 47,320 % Total assets $901,000 % $676,000 % Current liabilities $189,210 % $94,640 % Long-term liabilities Common stock 378,420 90,100 10/0 Retained earnings 243,270 % % 324,480 87,880 169,000 % % % Total liabilities and stockholders' equity $901,000 % $676,000 %