Please find question attached.

Game-On Sports operates in two distinct segments: athletic equipment and accessories.

Required:

1.	Complete the "%" columns to be used in a vertical analysis of Game-On Sports? two operating segments. Express each amount as a percentage of sales. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable?

\fVirtual gaming systems Statement of cash flows (indirect method) for the year ended December 31, 2015 Cash flows from operating activities: Net Income Add: Depreciation expense Add: Decrease in prepaid rent Add: Decrease in accounts receivable Less: Increase in inventory Less: Gain on sale of land Less: Decrease in accounts payable Add: Increase in interest payable Less: Decrease in income tax payable $ $ $ $ $ $ $ $ $ $ 180,000 21,000 201,000 1,880 14,800 (9,000) (4,000) (57,000) 1,000 (2,800) CASH FLOW FROM OPERATING ACTIVITIES $ 145,880 $ (30,000) $ (60,000) NET CHANGE IN CASH ADD: BEGINNING BALANCE OF CASH $ $ 55,880 127,640 ENDING BALANCE OF CASH $ 183,520 Cash flows from investing activities: Sale of land for cash Additional investment in stocks CASH FLOW FROM INVESTING ACTIVITIES $ $ 53,000 (83,000) Cash flows from financing activities: Issuance of stock $ 48,000 Payment of dividends $ CASH FLOW FROM FINANCING ACTIVITIES (108,000) Significant non-cash transactions: Purchased $18,000 in equipment by borrowing $18,000 with a note payable due in three years. Virtual gaming systems Statement of cash flows (indirect method) for the year ended December 31, 2015 Cash flows from operating activities: Net Income Add: Depreciation expense Add: Decrease in prepaid rent Add: Decrease in accounts receivable Less: Increase in inventory Less: Gain on sale of land Less: Decrease in accounts payable Add: Increase in interest payable Less: Decrease in income tax payable $ $ $ $ $ $ $ $ $ $ 180,000 21,000 201,000 1,880 14,800 (9,000) (4,000) (57,000) 1,000 (2,800) CASH FLOW FROM OPERATING ACTIVITIES $ 145,880 $ (30,000) $ (60,000) NET CHANGE IN CASH ADD: BEGINNING BALANCE OF CASH $ $ 55,880 127,640 ENDING BALANCE OF CASH $ 183,520 Cash flows from investing activities: Sale of land for cash Additional investment in stocks CASH FLOW FROM INVESTING ACTIVITIES $ $ 53,000 (83,000) Cash flows from financing activities: Issuance of stock $ 48,000 Payment of dividends $ CASH FLOW FROM FINANCING ACTIVITIES (108,000) Significant non-cash transactions: Purchased $18,000 in equipment by borrowing $18,000 with a note payable due in three years