Required information Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount % Assets Current assets: Cash $ 103,050 22.9 $ 78,400 19.6 x Accounts receivable 62,550 13.9 31,600 7.9 x Inventory 50,850 11.3 70,000 17.5 x Prepaid rent 7,200 1.6 3,600 0.9 Long-term assets: Investment in bonds 54,450 12.1 16,700 Land 96,300 21.4 134,400 33.6 x Equipment 102, 150 22.7 101,200 25.3 x Less: Accumulated depreciation (26,550) (5.9) (19,200) (4.8) x Total assets 450,000 100.0 $ 416,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 42,300 9.4 $ 51,600 12.9 x Interest payable 7,200 1.6 3,600 0.9 Income tax payable 12, 150 2.7 8,000 2.0 X Long-term liabilities: Notes payable 117,900 26.2 114,000 28.5 x Stockholders' equity: Common stock 144,000 32.0 144,000 36.0 x Retained earnings 126,450 28.10 95,500 Total liabilities and stockholders' equity 450,000 100.0 $ 416,700! Required Information [The following Information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. 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.)