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 $9,078 $8,900 Property, plant, and equipment (net) 1,957 1,900 Other assets 1,410 1,500 Total assets $12,445 $12,300 Liabilities and Stockholders' Equity Current liabilities $2,970 $3,000 Long-term liabilities 1,358 1,400 Stockholders' equity 8,117 7,900 Total liabilities and stockholders' equity $12,445 $12,300 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet 2022 2021 ($in millions) Increase (Decrease) Percentage Change from 2021 Assets Current assets $9,078 $8,900 $ Property, plant & equipment 1,957 1,900 (net) Other assets 1,410 1,500 Total Assets Liabilities and Stockholders' Equity Total liabilities and Stockholders' Equity % 96 % $12,445 $12,300 $ % $12,445 $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 $ (in millions) Percent Assets Current assets $9,078 96 Property, plant, and equipment (net) 1,957 % Other assets 1,410 % Total Assets Liabilities and Stockholders' Equity $12,445 % Current liabilities $2,970 % Long-term liabilities 1,358 96 Stockholders' equity 8,117 % Total liabilities and Stockholders' Equity $12,445 % eTextbook and Media Save for Later % Attempts: 0 of 3 used Submit Answer