Required 1. Prepare a vertical analysis of Sports Unlimited's 2018 and 2017 balance sheets. Express for that year. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) each amount as a percentage of total assets SPORTS UNLIMITED Balance Sheets December 31 2018 2017 Amount Amount Assets Current assets: s 225,000 100,800 90,000 14,400 S 156,000 53,600 138,400 7,200 Cash Accounts receivable Prepaid rent Long-term assets Investment in bonds 101,700 183,600 232,200 (47,700) $ 900,000 280,800 208,800 (44,800) 800,000 Land Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable $54,000 14,400 22,500 $ 93,600 7,200 12,800 Long-term liabilities Notes payable 287,100 248,800 Stockholders' equity 280,800 156,800 $ 800,000 Common stock 280,800 241,200 900,000 Retained earnings Total iabilities and stockholders' equity $