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.) 2020 Amount 3 108.000 48,200 110.400 7.300 SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount Assets Current assets Cash 5 103.150 Accounts receivable 50.150 Inventory 01.750 Prepaid rent 15,000 Longternists Investment in bonds $1.000 Land 105,750 Equiment 152.750 Lass: Accumulated depreciation (50.050) Toscats 3 050.000 Liabilities and stockholders' Equity Current Accounts payable 1 55 260 Interest payable 15.000 Income Tax Dayable 11 700 Long-term Notes Bayable 213 200 Stockholders' evity Common stock 2340001 Rated earnings 120 250 Total abilities and stockholders equity 5 050.000 0 218.400 145,200 (30,000) 000.000 3 10.400 7.000 11.400 102 200 2:34.000 07 200 000.000 5 Required Information (The following information applies to the questions displayed below) The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. 2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Increase (Deerexel Amount N SPORTS UNLIMITED Balance Sheets For the years anded Decemberat Year 2021 2020 Assets Current assets Cash $ 163. 1503 103.000 Accounts receivable 50.150 48.200 Inventory 61.750 110.400 Prepaid rent 15.000 7.300 Long-term assets Investment in bonds 81.000 Cand 165,750 210.400 Equipment 152.750 145.200 Less Accumulated Depreciation (50.050) (30.000) Totalt 5 050.000 5 000.000 Liabilities and Stockholders' Equity Current lots Accounts payable 5 55.250 5 86,400 Interest payable 15.000 7.000 Income tax payable 11.700 11.400 Long-term abilities Notes payable 213,200 102.2001 Stockholders equity Common stock 234.000 234.000 Retained earings 120.250 67,200 Total liabilities and stockholders equity $ 050 000 5 000.000