Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,290 Stockholders equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,880 $8,810 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Property, plant, and equipment (net) 1,940 1,830 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Other assets 1,580 1,700 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Total assets $13,400 $12,340 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Long-term liabilities 1,350 1,290 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Stockholders equity 8,750 7,750 enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % Total liabilities and stockholders' equity $13,400 $12,340 $enter a dollar amount enter percentages rounded to 1 decimal place rounded to 1 decimal place % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet choose the accounting period $ (in millions) Percent Assets Current Assets $9,880 enter percentages rounded to 1 decimal place % Property, plant, and equipment (net) 1,940 enter percentages rounded to 1 decimal place % Other assets 1,580 enter percentages rounded to 1 decimal place % Total assets $13,400 enter percentages rounded to 1 decimal place % Liabilities and Stockholders' Equity Current Liabilities $3,300 enter percentages rounded to 1 decimal place % Long-term Liabilities 1,350 enter percentages rounded to 1 decimal place % Stockholders equity 8,750 enter percentages rounded to 1 decimal place % Total liabilities and stockholders' equity $13,400 enter percentages rounded to 1 decimal place %