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.) Assets Current assets: Answer is not complete. SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 Amount % Amount % Cash $ 163,150 66.2 $ 108,000 66.2 Accounts receivable 59,150 46,200 Inventory 61,750 110,400 Prepaid rent 15,600 7,800 Prepaid rent Long-term assets: Investment in bonds Land 15,600 7,800 81,900 0 165,750 218,400 Equipment 152,750 145,200 Less: Accumulated depreciation (50,050) (36,000) Total assets $ 650,000 $ 600,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $ 55,250 $ 86,400 15,600 7,800 11,700 11,400 Income tax payable Long-term liabilities: Notes payable 213,200 193,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock $ 55,250 $ 86,400 15,600 7,800 11,700 11,400 213,200 193,200 234,000 234,000 Retained earnings 120,250 67,200 Total liabilities and stockholders' equity $ 650,000 100.0 $ 600,000 100.0