2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Balance Sheets For the years ended December 31 Year Increase (Decrease) Amount % 2021 2020 Assets Current assets: $ 31,400 $ 125,400 66,000 53,900 22,000 $ 94,000 33,500 95,500 11,000 32,500 (41,600) 11,000 62.8% 65.0X (83.2) 220.0x 0 171,500 119,000 60,500 (34,000) 3,100 (68.0 X 6.2X 60,500 137,500 122,100 (37,400) $ 550,000 (24,500) (12,900) 25.8X $ 500,000 $ 50,000 100.0% Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment 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 Retained earnings Total liabilities and stockholders' equity $ 48,400 11,000 8,250 $ 63,500 5,500 7,500 (15,100) 5,500 750 30.2x 13.0x 1.5 171,600 131,000 40,600 81.2x 165,000 145,750 $ 550.000 165,000 127,500 $ 500.000 0.0 36.5 X 18,250 $ 50,000 100.0x