Required information Required: 1. Prepare a vertical analysis of Fantasy Football's 2021 and 2020 balance sheets. Express each amount as a percentage of assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 place.) FANTASY FOOTBALL Balance Sheets December 31 2021 Amount 2020 % Amount $ $ 338,000 1,475,500 3,315.000 279,500 426.000 1.728.000 2,076,000 210,000 Assets Current assets Cash Accounts receivable Inventory Supplies Long-term assets Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities 2.028.000 (936,000) $6,500,000 2,028 000 (468.000) $ 6,000,000 G 15 16 of 24 Next > Required information 279,500 210,000 2,028,000 (936.000) $ 6,500,000 2,028,000 (468,000) $ 6,000,000 $ s Supplies Long-term assets Equipment Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current abilities Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders equity 279,5001 0 78,000 150,000 6,000 78,000 1.248.000 1.248.000 1,344,000 3.550,500 $ 6,500,000 1,344 0001 3.174.000 $ 6.000.000