Required: 1. Prepare a vertical analysis of Sports Unlimited's 2024 and 2023 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: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount % $ 172,800 $ 128,800 94,400 51,800 91,200 120,400 22,400 11,200 101,600 16,800 171,200 238,700 Equipment 188,800 172,200 Less: Accumulated depreciation (42,400) (23,100) Total assets $ 800,000 $ 716,800. Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 77,600 $ 103,600 Interest payable 11,200 5,600 12,800 11,200 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock 261,600 208,600 252,000 252,000 Retained earnings 184,800 135,800 Total liabilities and stockholders' equity $ 800,000 $ 716,800