Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
| Current Year | Previous Year | |||
| Current assets | $338,640 | $216,630 | ||
| Property, plant, and equipment | 547,800 | 493,020 | ||
| Intangible assets | 109,560 | 37,350 | ||
| Current liabilities | 229,080 | 134,460 | ||
| Long-term liabilities | 368,520 | 276,390 | ||
| Common stock | 119,520 | 119,520 | ||
| Retained earnings | 278,880 | 216,630 | ||
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.
| Alvaraz Company | ||||
| Comparative Balance Sheet | ||||
| For the Years Ended December 31 | ||||
| Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
| Current assets | $338,640 | % | $216,630 | % |
| Property, plant, and equipment | 547,800 | % | 493,020 | % |
| Intangible assets | 109,560 | % | 37,350 | % |
| Total assets | $996,000 | % | $747,000 | % |
| Current liabilities | $229,080 | % | $134,460 | % |
| Long-term liabilities | 368,520 | % | 276,390 | % |
| Common stock | 119,520 | % | 119,520 | % |
| Retained earnings | 278,880 | % | 216,630 | % |
| Total liabilities and stockholders' equity | $996,000 | % | $747,000 | |