Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2022 2021 Assets Current assets $ 10,179 $8,700 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,404 1,800 Total assets $13,473 $12,300 Liabilities and Stockholders' Equity Current liabilities $ 3,564 $3,600 Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 Total liabilities and stockholders' equity $13,473 $12,300 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45). (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions) 2022 2021 Assets Current assets $10,179 $8,700 Property, plant & equipment 1,890 1,800 (net) Other assets Total Assets Liabilities and Stockholders' Equity Current liabilities Increase Percentage (Decrease) Change from 2021 % % 1,404 1,800 $13,473 $12,300 $ % $3,564 $3,600 $ % Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 Total liabilities and Stockholders' Equity $13,473 $12,300 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet Assets Current assets Property, plant, and equipment (net) $ (in millions) Percent $10,179 % 1,890 % d % % % Question 1 of 3 Assets $ (in millions) Percent Current assets Property, plant, and equipment (net) $10,179 Other assets Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and Stockholders' Equity % % 1,890 1,404 de % $13,473 % % $3,564 1,344 % 8,565 % $13,473 % -/3