Required: 1. Prepare a vertical analysis of Fantasy Football'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.) FANTASY FOOTBALL Balance Sheets December 31 2020 Amount Amount Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Assunts payable 2021 $ 92,400 571,200 1,545,600 86,800 772,800 (268,800) $ 2,800,000 AR AND 177,600 640,000 890,400 52,800 772,800 (134,400) $ 2,400,000 C 76 AND $ % Accounts receivable Inventory Supplies Long-term assets: 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 571,200 1,545,600 86,800 772,800 (268,800) $ 2,800,000 $ 86,800 0 67,200 571,200 511,200 1,563,600 $ 2,800,000 640,800 890,400 52,800 772,800 (134,400) $ 2,400,000 $ 76,800 2,400 67,200 571.200 511,200 1,171,200 $ 2,400,000