Hypothetical balance sheets of Nike, Inc. are presented here. 2021 NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 Assets Current Assets $9.520 Property, plant, and equipment (net) 1.990 Other assets 1,590 Total assets $13,100 Liabilities and Stockholders' Equity Current Liabilities $3.220 Long-term liabilities 1.260 Stockholders' equity 8,620 Total liabilities and stockholders' equity 513,100 $8.800 1.810 1.610 $12,220 $3,380 1340 7.500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, 2.8.-55,000,-20% or (55,000). (2099. Round percentages to 1 decimal place, s. 125%). Condensed Balance Sheet May 31 ($ in millions) Increase 2021 (Decrease) 2022 Percentage Change from 2021 Assets $9,520 $8,800 $ % 1.990 1,810 % 1,590 1,610 Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $13,100 $12,220 $ * $3,220 $3,380 $ 1.260 1.340 96 8,620 7.500 Stockholders' equity Total liabilities and stockholders' equity $13.100 $12.220 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9.520 % Property, plant, and equipment (net) 1.990 % Other assets 1,590 Total assets $13.100 % Liabilities and Stockholders' Equity Current Liabilities $3.220 % Long-term Liabilities 1,260 % Stockholders' equity 8,620 % Total liabilities and stockholders' equity $13,100 %