Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amount as a percentage of te assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 de place.) 2 SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 book Amount Amount % rint rences $ 206.150 119,700 102,600 32,300 144,500 60,350 157.250 16,150 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: 129,200 198,550 211,850 (50,350) 950,000 0 305,150 207.400 (40.800) 850,000 $ $ $ $ 93,100 32,300 22,800 122,400 16,150 15,300 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 281,200 264,350 323,000 197,600 950,000 323,000 108,800 850,000 $ S