Required 1. Prepare a vertical analysis of Sports Unlimited's 2018 and 2017 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 answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets December 31 2018 2017 Amount Amount Current assets: $ 211,500 99,900 82,800 28,800 $140,800 50,400 154,400 14,400 Accounts receivable Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation 108,900 238,500 206,100 (76,500) $900,000 280,000 202,400 (42,400) $800,000 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable $75,600 28,800 21,600 $88,800 14,400 16,000 Long-term liabilities: Notes payable 243,900 234,400 Stockholders' equity: 288,000 242,100 Total liabilities and stockholders' equity900,000 288,000 158,400 $800,000 Common stock Retained earnings