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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

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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.) \begin{tabular}{|c|c|c|c|c|c|} \hline Liabilities and Stockholders' Equity & & & & & \\ \hline Current liabilities: & & & & & \\ \hline Accounts payable & $ & 77,600 & $ & 79,200 & \\ \hline Interest payable & & 24,000 & & 12,000 & \\ \hline Income tax payable & & 23,200 & & 19,200 & \\ \hline Long-term liabilities: & & & & & \\ \hline Notes payable & & 232,800 & & 169,800 & \\ \hline Stockholders' equity: & & & & & \\ \hline Common stock & & 192,000 & & 192,000 & \\ \hline Retained earnings & & 250,400 & & 143,300 & \\ \hline Total liabilities and stockholders' equity & $ & 800,000 & $ & 615,500 & \\ \hline \end{tabular}

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