2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 Year 2024 Increase (Decrease) 2023 Amount % Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $ 225,000 $ 100,800 156,000 53,600 138,400 14,400 7,200 90,000 101,700 15,800 183,600 280,800 232,200 208,800 Less: Accumulated depreciation (47,700) (44,800) Total assets $ 900,000 $ 815,800 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $ 54,000 $ 93,600 14,400 7,200 22,500 12,800 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 287,100 248,800 Common stock 280,800 280,800 Retained earnings 241,200 172,600 Total liabilities and stockholders' equity $ 900,000 $ 815,800