Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,580 $8,770 Property, plant, and equipment (net) 1,810 1,800 Other assets 1,540 1,670 Total assets $12,930 $12,240 Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term liabilities 1,320 1,370 Stockholders' equity 8,460 7,550 Total liabilities and stockholders' equity $12,930 $12,240 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,580 $8,770 $ Property, plant, and equipment (net) 1,810 1,800 Other assets 1,540 1,670 Total assets $12,930 $12,240 $ Liabilities and Stockholders' Equity Current Liabilities $3,150 $3,320 $ Long-term liabilities 1,320 1,370 Stockholders' equity 8,460 7,550 Total liabilities and stockholders' equity $12,930 $12,240 $ (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 $9,580 Property, plant, and equipment (net) 1,810 Other assets 1,540 Total assets $12,930 Liabilities and Stockholders' Equity Current Liabilities $3,150 Long-term Liabilities 1,320 Stockholders' equity 8,460 Total liabilities and stockholders' equity $12,930