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: SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount % $ 210,600 22.9 $ 135,000 98,100 52,500 88,200 138,000 18,000 9,000 Investment in bonds 104,400 15,600 Land 176,400 265,500 Equipment 288,900 193,500 Less: Accumulated depreciation (84,600) (43,500) Total assets $ 900,000 $ 765,600 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $ 66,600 $ 105,750 9,000 4,500 21,600 20,250 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock 315,900 172,500 270,000 270,000 Retained earnings 216,900 192,600 Total liabilities and stockholders' equity $ 900,000 $ 765,600