Check my work Required information (The following information applies to the questions displayed below) Part 1 of 2 The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Book 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 SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % 2020 Amount Assets Current assets Cash $ 188,800 $ 135,800 Check my work 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.) Part 1 of 2 points SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % 2020 Amount % References $ $ 135.800 Assets Current assets Cash Accounts receivable Inventory Prepaid rent 188 800 76.000 72.000 11.2001 51.800 133,700 5,600 Long-term assets Investment in bonds Land 99.200 200.800 194.400 215,600 192 500 Equipment Check my work Required information Terry 12,0 11.200 133.0 5.600 Part 1 of 2 OP 10 points 99,2001 200,800 194,400 (42.400) 800,000 215,600 192 500 (35,000) 700.000 $ Book References 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 $ 51.2001 22,400 16,000 89.600 11.2001 13,300 270,4001 179,900 224,000 216,000 800,000 224 000 182,000 700.000 $ $ Check my work Required information (The following information applies to the questions displayed below.) Part 2 of 2 The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. points eBook 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.) References SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year Increase (Decrease) Amount % 2021 2020 Assets Current assets: Cash Accounts receivable S $ 188 800 76,000 72,000 135,800 51,800 133,700 Inventory Check my work Required information Part 2012 $ 188 800 76,000 72.000 11.200 135 800 51,800 133.700 5,600 points Current assets 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 99 200 200.000 194.400 (42400) 800.000 References 215,600 192,500 (35,000) 700,000 $ $ 51,200 22.400 16 000 89,600 11.2007 13.300 270,400 179,900 Check my work Required information Part 2 of 2 194,400 (42.400) 800,000 192.500 (35,000) 700.000 $ $ points $ $ Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable In rest payable Income tax payable Long-term abilities: Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity 51,200 22.400 16,000 89,800 11.2007 13 300 References 270,400 179,900 224,000 216,000 800,000 224,000 182.000 700.000 $ $