Multi-part question; balance sheet part 1, and balance sheet part 2.

Problem 12-3A (Algo) Part 1. Required: 1. Prepare a vertical analysis of Sports Unlimited's 2024 and 2023 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.) SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount % Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $ 163 150 59,150 61,750 15,600 $ 108,000 46,200 110,400 7.800 81,900 16.200 165,750 218,400 152,750 145,200 Less: Accumulated depreciation (50,050) (36,000) Total assets $ 650,000 $ 616.200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $ 55,250 $ 86,400 15,600 7,800 11,700 11.400 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock 213,200 193,200 234,000 234,000 Retained earnings 120 250 83,400 Total liabilities and stockholders' equity $ 650,000 $ 616,200