1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 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 percentage answers to 1 decimal place.) 2020 Amount $ 70,400 32,000 71,200 3,600 SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % Assets Current assets Cash $ 103,500 Accounts receivable 46,800 Inventory 44,550 Prepaid ront 7,200 Long form assets Investment in bonds 54,900 Land 117450 Equipment 106 200 Less Accumulated depreciation (30,600) Total assets $ 450,000 Liabilities and Stockholders' Equity Current liabilities Accounts payablo $ 30.150 Interest payable 7.200 Income tax payable 12,150 Long term habilities Notes payable 138,150 Stockholders' quity Common stock 144,000 Retained earnings 118,350 Totalities and stockholders' equity 5 450,000 0 141 600 102.000 (20,800) 400,000 $ $ 46,800 3.600 10,000 127 6001 144 000 68,000 400,000 $