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.) % SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 Amount % Amount Assets Current assets: Cash $ 103,500 $ 70,400 Accounts receivable 46,800 32,000 Inventory 44,550 71,200 Prepaid rent 7,200 3,600 Long-term assets: Investment in bonds 54,900 0 Land 117,450 141,600 Equipment 106,200 102,000 Less: Accumulated depreciation (30,600) (20,800) Total assets $ 450,000 $ 400,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 30,150 $ 46,800 Interest payable 7,200 3,600 Income tax payable 12,150 10,000 Long-term liabilities: Notes payable 138,150 127,600 Stockholders' equity Common stock 144,000 144,000 Retained earnings 118,350 68,000 Total liabilities and $ 450,000 $ 400,000 stockholders' equity