Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 1 (in millions) 2020 2019 $ 9,191 2,163 1,568 $12,922 $ 9,100 2,100 1,600 $12,800 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,201 1,235 8,486 $12,922 $3,300 1,300 8,200 $12,800 Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using elther a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (457). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE. TNC U S analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%) NIRE, INC Condensed Balance Sheet (sin millions) 2020 2019 Increase (Decrease) Percentage Change from 2019 Current assets $9,1919,100 Property, plant & equipment 2,163 2,100 Other assets 1,568 1,600 Total Assets $12,922 $12,800 Liabilities and Stockholders' Equity Current liabilities 8 Long-term abilities Stockholders' equity 18 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, c.9. 12.3%) NIKE, INC. Condensed Balance Sheet $(in millions) Assets Percent Current assets $9,191 Property, plant, and equipment (net) 2,163 Other assets 1,568 Total Assets $12,922 Liabilities and Stockholders' Equity Current abilities $3,201 Long-term liabilities 1,235 Stockholders' equity 8,486