Required information Problem 12-3A Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.) The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Problem 12-3A Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year 2021 2020 Increase (Decrease) Amount % Assets Current assets: Cash Accounts receivable Inventory $ $ 125,400 66,000 53,900 94,000 33,500 95,500 Inventory 53,900 22,000 95,500 11,000 Prepaid rent Long-term assets: Investment in bonds Land 171,500 60,500 137,500 122,100 (37,400) 550,000 Equipment Less: Accumulated depreciation Total assets 119,000 (24,500) 500,000 $ $ Liabilities and Stockholders' Equity Current liabilities: $ $ 48,400 11,000 8,250 63,500 5,500 7,500 Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 171,600 131,000 Common stock Retained earnings Total liabilities and stockholders' equity 165,000 145,750 550,000 165,000 127,500 500,000 $ $