Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,550 $8,900 Property, plant, and equipment (net) 2,050 1,480 1,850 1.730 Other assets Total assets $13,080 $12,480 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3,230 1,270 8,580 $3,330 1,300 7,850 Stockholders' equity Total liabilities and stockholders' equity $13,080 $12,480 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, s. 12.5%) NIKE, INC. (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. Of amount and percentage are a decrease show the numbers as negative, e..-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg. 12.5%) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2021 Assets Current Assets $9,550 $8,900 $ Property, plant, and equipment (net) 2,050 1,850 Other assets 1.480 1.730 Total assets $13,080 $12.480 $ Liabilities and Stockholders' Equity Current Liabilities $3,230 $3,330 $ Long-term liabilities 1,270 1,300 Stockholders' equity 8,580 7,850 Total liabilities and stockholders' equity $13,000 $12.480 $ (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 $9,550 Property, plant, and equipment (net) 2,050 Other assets 1,480 Total assets $13,080 Liabilities and Stockholders' Equity Current Liabilities $3,230 Long-term Liabilities 1,270 Stockholders' equity 8,580 Total liabilities and stockholders' equity $13,080