Vertical Analysis of Balance Sheet

Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below.

	20Y2		20Y1
Current assets	$ 1,500,000		$ 1,200,000
Property, plant, and equipment	12,500,000		10,800,000
Intangible assets	2,000,000		2,000,000
Current liabilities	1,000,000		850,000
Long-term liabilities	3,000,000		2,400,000
Common stock	2,500,000		2,500,000
Retained earnings	9,500,000		8,250,000

Prepare a comparative balance sheet for 20Y2 and 20Y1, 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 your answers to one decimal place.

Comparative Balance Sheet
December 31, 20Y2 and 20Y1
	20Y2 Amount	20Y2 Percent	20Y1 Amount	20Y1 Percent
Assets
Current assets	$1,500,000__________	%	$1,200,000__________	%
Property, plant, and equipment	12,500,000__________	%	10,800,000__________	%
Intangible assets	2,000,000__________	%	2,000,000___________	%
Total assets	$16,000,000__________	%	$14,000,000__________	%
Liabilities
Current liabilities	$1,000,000__________	%	$850,000___________	%
Long-term liabilities	3,000,000___________	%	2,400,000___________	%
Stockholders' equity
Common stock	2,500,000___________	%	2,500,000__________	%
Retained earnings	9,500,000___________	%	8,250,000___________	%
Total liabilities and stockholders' equity	$16,000,000___________	%	$14,000,000___________	%