15 Part 1 of 2 Required information (The following information applies to the questions displayed below] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. O oints Skipped eBook Required: 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.) References C aw Assets SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 Amount % Amount Current assets: Cash $ 172,800 $ 128,800 Accounts receivable 94,400 51,800 Inventory 91,200 120,400 Prepaid rent 22,400 11,200 Long-term assets: Investment in bonds Land 101,600 0 171,200 238,700 Equipment 188,800 172,200 Less: Accumulated depreciation (42,400) (23,100) Total assets $ 800,000 $ 700,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable "$ 77,600 $ 103,600 Interest payable 11,200 5,600 Income tax payable 12,800 11,200 < Prev 15 16 of 18 31 SAMSUNG