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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
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.) Required information Required information \begin{tabular}{|c|c|c|c|c|c|c|} \hline cuin & & uniuu & & int, TuU & & 1 \\ \hline Equipment & & 102,150 & & 101,200 & & \\ \hline Less: Accumulated depreciation & & (26,550) & & (19,200) & & \\ \hline Total assets & $ & 450,000 & $ & 416,700 & & \\ \hline \multicolumn{7}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{7}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $ & 42,300 & \$ & 51,600 & & \\ \hline Interest payable & & 7,200 & & 3,600 & & \\ \hline Income tax payable & & 12,150 & & 8,000 & & \\ \hline \multicolumn{7}{|l|}{ Long-term liabilities: } \\ \hline Notes payable & & 117,900 & & 114,000 & & \\ \hline \multicolumn{7}{|l|}{ Stockholders' equity: } \\ \hline Common stock & & 144,000 & & 144,000 & & \\ \hline Retained earnings & & 126,450 & & 95,500 & & \\ \hline Total liabilities and stockholders' equity & $ & 450,000 & $ & 416,700 & & 1 \\ \hline \end{tabular}
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