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 Year Previous Year Current assets Property, plant, and equipment $351,120 $199,500 563,920 518,700 Intangible assets Current liabilities 148,960 79,800 244,720 127,680 Long-term liabilities 372,400 311,220 Common stock 127,680 111,720 Retained earnings 319,200 247,380 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 year Current assets Property, plant, and equipment Intangible assets Amount Percent year year Amount Percent $351,120 $199,500 563,920 516,700 140,960) 79,800 Total assets $1,064,000 $798,000 Current liabilities $244,720 $127,680 Long term liabilities 372,400 311,220 Common stock 127,680 N 111,720 Retained earnings 319,200 247,380 Total liabilities and stockholders' equity $1,064,000 $798,000 Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets Property, plant, and equipment $351,120 $199,500 563,920 518,700 Intangible assets Current liabilities 148,960 79,800 244,720 127,680 Long-term liabilities 372,400 311,220 Common stock 127,680 111,720 Retained earnings 319,200 247,380 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 year Current assets Property, plant, and equipment Intangible assets Amount Percent year year Amount Percent $351,120 $199,500 563,920 516,700 140,960) 79,800 Total assets $1,064,000 $798,000 Current liabilities $244,720 $127,680 Long term liabilities 372,400 311,220 Common stock 127,680 N 111,720 Retained earnings 319,200 247,380 Total liabilities and stockholders' equity $1,064,000 $798,000