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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

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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 % $ 140,000 50,400 154 400 14400 SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 + Amount % Assets Current assets Cash $ 211,500 Accounts receivable 99,900 Inventory 82.800 Prepaid rent 28,800 Long-term assets Investment in bonds 108.900 Land 238.500 Equipment 206,100 Less: Accumulated depreciation (76,500) Total assets $ 900.000 Liabilities and Stockholders' Equity Current abilities Accounts payable $ 75,600 Interest payable 28.800 Income tax payable 21,600 Long-term liabilities: Notes payable 243.900 Stockholders' equity Common stock 288,000 Retained earnings 242.100 Total abilities and stockholders equity $ 900.000 0 280.000 202,400 (42.400) 800,000 $ 88,800 14400 16,000 234.400 288.000 158.400 800,000 $

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