1. prepare a vertical analysis of Sports Unlimited's 2018 and 2017 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your answer to 1 decimal place.)

2. Prepare a horizontal analysis of Sports Unlimited's 2018 balance sheet using 2017 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)

SPORTS UNLIMITED Balance Sheets December 31 2017 2018 Amount % Amount Assets Current assets: 104,400 $ $ 176,400 Cash 37,200 72,800 Accounts receivable 112,800 81,200 Inventory 12,600 25,200 Prepaid rent Long-term assets: 81,200 Investment in bonds 208,200 165,900 Land 157,200 158,200 Equipment (60,900) (32,400) Less: Accumulated depreciation $ 700,000 600,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 66,500 79,200 16,800 Interest payable 8,400 10,500 Income tax payable 6,000 Long-term liabilities: Notes payable 211,400 169,800 Stockholders' equity: 210,000 210,000 Common stock Retained earnings 184,800 126,600 Total liabilities and stockholders' equity $ 700,000 600,000 SPORTS UNLIMITED Balance Sheets December 31 Increase (Decrease) Year % Amount 2017 2018 Assets Current assets: 104,400 Cash $ 176,400 Accounts receivable 72,800 37,200 112,800 Inventory 81,200 12,600 Prepaid rent 25,200 Long-term assets: Investment in bonds 0 81,200 208,200 Land 165,900 158,200 157,200 Equipment (32,400) (60,900) Less: Accumulated depreciation $ 700,000 600,000 Total assets Liabilities and Stockholders' Equity Current liabilities: $ 79,200 Accounts payable $ 66,500 Interest payable 16,800 8,400 10,500 6,000 Income tax payable Long-term liabilities: Notes payable 211,400 169,800 Stockholders' equity: 210,000 210,000 Common stock 126,600 Retained earnings 184,800 700,000 $ $ 600,000 Total liabilities and stockholders' equity