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pleade help! ! Required information [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are
pleade help!
! Required information [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. 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.) SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year Increase (Decrease) 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land $ 95,200 $ 44,400 37,600 5,600 45,200 103.200 S Required information Assets Current assets: Cash 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 $ 95,200 $ 44,400 37,600 5,600 45,200 103,200 104,000 (35,200) 400,000 $ 26,800 $ 16,800 6,000 143,200 112,000 95,200 $ 400,000 $ $ $ 63,700 24,150 59,850 2,800 125,300 92,050 (17,850) 350,000 38,150 8,400 5,600 137,200 112,000 48,650 350,000 Step by Step Solution
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