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Balance sheet data for Alvarez Company on December 31, the end of two...

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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Previous Year Current Year Current assets $2,500,000 $1,840,000 Property, plant, and equipment 5,600,000 6,072,000 Intangible assets 1,900,000 1,288,000 Current liabilities 2,000,000 1,380,000 Long-term liabil ities 3,400,000 3,680,000 Common stock 920,000 920,000 Retained earnings 3,680,000 3,220,000 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. Round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Year Amount Year Percent Current Previous Previous Year Amount Year Percent % Current assets $2,500,000 $1,840,000 % % Property, plant, and equipment 6,072,000 5,600,000 % 1,900,000 1,288,000 Intangible assets % % $10,000,000 $9,200,000 Total assets % % Current liabilities $2,000,000 $1,380,000 % Long-term liabilities 3,680,000 3,400,000 Common stock % 920,000 920,000 % 3,680,000 Retained earnings 3,220,000 % % $10,000,000 $9,200,000 Total liabilities and stockholders' equity

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