he following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below.

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.)

Required information 7,200 3,600 2 54,450 96,300 102,150 (26,550) 450,000 0 134,400 101,200 (19,200) 400,000 $ 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 $ 42,300 7,200 12,150 51,600 3,600 8,000 es 117,900 114,000 144,000 126,450 450,000 144,000 78,800 400,000 $ $ $ The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. 2 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 decima place.) ed SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 k Amount % Amount % Assets Current assets ces Cash $ $ 103,050 62,550 50,850 7,200 78.400 31,600 70,000 3,600 Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land 0 54,450 96,300 134,400 101 ann Crnant 107 106