I got part one all of them correct but part two not can someone help me please
Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Answer is complete and correct. SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % 2020 Amount % Assets Current assets: Cash $ $ 18.4 7.4 Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds 172,800 94,400 91,200 22,400 21.6 11. 8 11.4 2.8 128,800 51,800 120,400 11,200 17.2 1.6 0 Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity 101,600 171,200 188,800 (42,400) 800,000 12.7 21.4 23.6 (5.3) 100.0 238,700 172,200 (23,100) 700,000 0 34.1 24.6 (3.3) 100.0 $ $ Required information 94,400 91,200 22,400 11.8 11.4 2.8 51,800 120,400 11,200 7.4 17.2 1.6 101,600 171,200 188,800 (42,400) 800,000 12.7 21.4 23. 6 (5.3) 100.0 0 238,700 172,200 (23,100) 700,000 0 34.1 24.6 (3.3) 100.0 $ $ Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ $ 77,600 11,200 9.7 1.4 1.6 - 103,600 5,600 11,200 14.8 0.8 12,800 1.6 261,600 32.7 208,600 29.8 252,000 184,800 800,000 31.5 23.1 100.0 252,000 119,000 700,000 36.0 17.0 100.0 $ $ Return to qu The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Part 2 of 2 Problem 12-3A Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) points Answer is complete but not entirely correct. SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year 2021 2020 Increase (Decrease) Amount Assets Current assets: Cash $ $ $ Accounts receivable Inventory 172,800 94,400 91,200 22,400 128,800 51,800 120,400 11,200 44,000 42,600 (29,200) 11,200 34.2 82.2 (24.3) 100.0 Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets 101,600 171,200 188,800 (42,400) 800,000 0 238,700 172,200 (23,100) 700,000 101,600 (67,500) 16,600 (19,300) 0% (2,828.0) 9.6 83.6 X 100.0 % $ $ $ Required information Part 2 of 2 94,400 91,200 22,400 51,800 120,400 11,200 42,600 (29,200) 11,200 82.2 (24.3) 100.0 O points 238,700 101,600 171,200 188,800 (42,400) 800,000 172,200 (23,100) 700,000 101,600 (67,500) 16,600 (19,300) 0 (2,828.0) 9.6 83.6 X 100.0 % $ $ $ Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ $ 77,600 11,200 12,800 103,600 5,600 11,200 (26,000) 5,600 1,600 (25.1) 100.0 14.3 261,600 208,600 53,000 25.4 252.000 184,800 800,000 252,000 119,000 700,000 65,800 0 0.0 55.3 100.0 % $ $ $
