Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amour assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your perc decimal place.) SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount 2020 Amount Assets Current assets $ Cash Accounts receivable Inventory Prepaid rent 171.750 90.750 67 5001 19.500 121.550 48,100 120.900 9.750 Long-term assets 01 98,250 177,750 169,500 (45,000) 750,000 210,600 165,750 (26,650) 650,000 $ $ $ Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity 51,000 19.500 14.250 65,000 9,750 7.150 256,500 240,500 214.500 194.250 750,000 214.500 113,100 650.000 SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year 2021 2020 Increase (Decrease) Amount % $ $ Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land 171,750 90,750 67.500 19,500 121,550 48,100 120.900 9.750 98.250 177.750 210.600 169,500 (45,000) 750,000 165,750 (26,650) 650,000 $ $ $ Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity 51,000 19,500 14,250 65,000 9,750 7.150 256,500 240,500 214.500 194.250 750.000 214.500 113100 650,000 $