PLEASE HELP WITH NUMBER 2, I AM DONE WITH NUMBER 1.

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.)

Required information [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. 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 2020 Amount % % Amount Assets Current assets: Cash 172,800 21.6 S 128,800 18.4 Accounts receivable 94,400 11.8 51,800 7.4 Inventory 11.4 120,400 17.2 91,200 22,400 2.8 11,200 1.6 Prepaid rent Long-term assets: 101,600 Investment in bonds 12.7 0 171,200 21.4 34.1 Land 238,700 Equipment 188,800 23.6 172,200 24.6 (23,100) Less: Accumulated depreciation (42,400) (5.3) (3.3) 100.0 S $ 800,000 700,000 100.0 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 9.7 $ 77,600 103,600 14.8 Interest payable 11,200 1.4 5,600 0.8 12,800 Income tax payable 1.6 11,200 1.6 Long-term liabilities: Notes payable 261,600 32.7 29.8 208,600 Stockholders' equity: Common stock 252,000 31.5 252,000 36.0 Retained earnings 184,800 23.1 119,000 17.0 100.0 $ $ 800,000 700,000 100.0 Total liabilities and stockholders' equity Balance Sheets For the years ended December 31 Increase (Decrease) Year 2021 2020 Amount Assets Current assets: $ $ 172,800 Cash 128,800 Accounts receivable 94,400 51,800 Inventory 91,200 120,400 Prepaid rent 11,200 22,400 Long-term assets: 101,600 0 Investment in bonds 171,200 Land 238,700 188,800 Equipment 172,200 Less: Accumulated depreciation (42,400) (23,100) $ 800,000 700,000 Total assets Liabilities and Stockholders' Equity Current liabilities: $ Accounts payable 77,600 103,600 Interest payable 11,200 5,600 Income tax payable 12,800 11,200 Long-term liabilities: EA Notes payable 261,600 208,600 Stockholders' equity: Common stock 252,000 252,000 Retained earnings 119,000 184,800 $ 800,000 700,000 Total liabilities and stockholders' equity