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[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.)

2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted 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 For the Years Ended December 31