Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,670 $8,740 Property, plant, and equipment 1,900 1,850 (net) Other assets 1,590 1,690 Total assets $13,160 $12,280 Liabilities and Stockholders' Equity Current $3,200 $3,320 Liabilities Long-term 1,270 1,320 liabilities Stockholders' 8,690 7,640 equity Total liabilities and $13,160 $12,280 stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, c.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%) Percentage Change from 2021 y NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) Increase 2022 2021 (Decrease) Assets Current Assets 59,670 $8,740 $ Property, plant, and equipment 1.900 1,850 (net) Other assets 1,590 1,690 Total assets $13,160 $12,280 $ Liabilities and Stockholders Equity Dutert Labilities $3,200 $3,320 Long-term 1,270 1,320 labilities Stockholders 3,690 7,640 equity Total liabilities and stockholders $13,160 $12,280 equity % % w 100 % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet s (in millions) Percent $9,670 Assets Ourent Assets Property, plant, and equipment (net) Other assets % 1,900 1,590 % $13,160 % Total assets Liabilities and Stockholders' Equity Orrent Liabilities Long-term Lilities $3,200 1,270 8,690 Stockholders' equity Total abilities and stockholders' equity $13,160 100 %