12 Required: 1. Prepare a vertical analysis of Fantasy Football'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.) Assets Current assets: FANTASY FOOTBALL Balance Sheets December 31 2021 2020 Amount % Amount % Cash $ 208,000 $ 262,200 Accounts receivable 856,000 999.400 Inventory 1,900,000 1,349,000 Supplies 124,000 87,400 Long-term assets: Equipment 1,292,000 1,292,000 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock (380,000) $ 4,000,000 (190,000) $ 3,800,000 $ 168,000 $ 129,200 0 3,800 76,000 76,000 760,000 760,000 786,600 2,209,400 786,600 2,044,400 $ 3,800,000 Retained earnings Total liabilities and stockholders' equity $ 4,000,000