Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,630 $8,860 Property, plant, and equipment (net) 2,000 1,860 Other assets 1,530 1,610 Total assets $13,160 $12,330 Liabilities and Stockholders' Equity Current Liabilities $3,240 1,230 $3,390 1,290 Long-term liabilities Stockholders' equity 8,630 7,650 Total liabilities and stockholders' equity $13,160 $12,330 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,630 $8,860 $ Property, plant, and equipment (net) 2,000 1,860 Other assets 1,530 1,610 $13,160 $12,330 $ Total assets Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,390 $ Long-term liabilities 1,230 1,290 Stockholders' equity 8,630 7,650 Total liabilities and stockholders' equity $13,160 $12,330 $ (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 $9,630 Property, plant, and equipment (net) 2,000 Other assets 1,530 Total assets $13,160 Liabilities and Stockholders' Equity Current Liabilities $3,240 Long-term Liabilities 1,230 Stockholders' equity 8,630 Total liabilities and stockholders' equity $13,160