problem 12-3A part 1

Problem 12-3A Part 1 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.) SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % 2020 Amount S Assets Current assets Cash Accounts receivable Inventory Prepaid rent 206,150 119,700 102,600 32,300 144,500 60,350 157,250 16,150 0 hf 2 129,200 198,550 211,850 (50,350) 950,000 305,150 207,400 (40,800) 850,000 $ $ bok Required information 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 $ int 93 100 32,300 22,800 122,400 16.150 15,300 ences 281,200 264,350 323,000 197,600 950.000 323,000 108,800 850,000 $ $