1A. 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 answers to 1 decimal place.)

1B. 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.)

1A. 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 answers to 1 decimal place.)

1B. 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.)

Required: 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. your answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets December 31 2018 2017 Assets S 126,000 68.400 70,800 9,000 Cash S 86,000 35,500 93,500 4,500 Accounts receivable Prepaid rent Long-term assets: Investment in bonds 77,400 159,000 142,800 (53.400 S 600,000 168,000 139,500 (27,000) S 500,000 Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable S 36,600 24,000 16,800 S 53,500 12,000 13,500 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock 178,800 124,500 234,000 109,800 600,000 234,000 62,500 S 500,000 Retained eamings Total liabilities and stockholders'equity 2. Prepare a horizontal analysis of Sports Unlimiteds 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 Year Increase (Decrease) 2018 2017 Current assets: S 126,00086,000 35,500 93,500 4,500 Accounts receivable 68,400 70.800 9,000 Prepaid rent Long-term assets: Investment in bonds 168,000 39,500 (27,000) S 600,000 500,000 77,400 159,000 142,800 (53,400) Equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable S 36,600 53,500 12,000 13,500 24,000 Income tax payable 16,800 Long-term liabilities: Notes payable Stockholders' equity Common stock 178,800 124,500 234,000 62,500 S 600,000 500,000 234.000 Retained eamings 109,800 Total liabilities and stockholders equity