Hypothetical balance sheets of Nike, Inc. are presented here. Please show how to do the equations. Thank you.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,600		$8,790
Property, plant, and equipment (net)		1,810		1,800
Other assets		1,580		1,710
Total assets		$12,990		$12,300
Liabilities and Stockholders' Equity
Current Liabilities		$3,170		$3,300
Long-term liabilities		1,230		1,390
Stockholders equity		8,590		7,610
Total liabilities and stockholders' equity		$12,990		$12,300

(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		$9,600		$8,790		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,810		1,800		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Other assets		1,580		1,710		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total assets		$12,990		$12,300		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,170		$3,300		$enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Long-term liabilities		1,230		1,390		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Stockholders equity		8,590		7,610		enter a dollar amount		enter percentages rounded to 1 decimal place rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,990		$12,300		$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 May 31, 2022For the Year Ended May 31, 2022For the Month Ended May 31, 2022
		$ (in millions)		Percent
Assets
Current Assets		$9,600		enter percentages rounded to 1 decimal place	%
Property, plant, and equipment (net)		1,810		enter percentages rounded to 1 decimal place	%
Other assets		1,580		enter percentages rounded to 1 decimal place	%
Total assets		$12,990		enter percentages rounded to 1 decimal place	%
Liabilities and Stockholders' Equity
Current Liabilities		$3,170		enter percentages rounded to 1 decimal place	%
Long-term Liabilities		1,230		enter percentages rounded to 1 decimal place	%
Stockholders equity		8,590		enter percentages rounded to 1 decimal place	%
Total liabilities and stockholders' equity		$12,990		enter percentages rounded to 1 decimal place	%