Part 102 Required: 1. Prepare a vertical analysis of Fantasy Football'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.) 4 points 8002200 FANTASY FOOTBALL Balance Sheets December 31 2021 2020 Amount Amount % Assets Current assets Cash $ 208,000 5 Accounts receivable 262 200 999 400 856,000 1.900.000 1.349,000 124.000 87,400 1.292.000 (380,000) 5 4.000.000 1.292.000 (190,000) 5 3,800,000 Inventory Supplies Long-term assets Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities NO payable Stockholders' equity $ 5 168,000 0 76,000 129,200 3,800 75,000 760,000 760,000 Common stock 786,600 2.209.400 Retained earings Total liabilities and stockholders' equity 786,600 2,044 400 5 3,800,000 $4,000,000 2. Prepare a horizontal analysis of Fantasy Football'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.) FANTASY FOOTBALL Balance Sheets December 31 Year Increase (Decrease) 2021 2020 Amount % Assets Current assets Cash 208,000 $ Accounts receivable 856,000 1,900,000 124.000 262.200 999 400 1.349,000 87 400 1.292,000 1,292,000 (380,000) (190,000) $ 4,000,000 $3,800,000 Inventory Supplies Long-term assets Equipment Less: Accumulated depreciation Total assets Llabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity $ 168,000 $ 0 129,200 3,800 76,000 76,000 760,000 760,000 Common stock Retained earnings Total liabilities and stockholders' equity 786,600 786,600 2,209,400 2,044,400 $ 4,000,000 $3,800,000 ch