Required information [The following information applies to the questions displayed below.] The balance sheets for Fantasy Football for 2024 and 2023 are provided below. Required: 1. Prepare a vertical analysis of Fantasy Football'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.) Assets Current assets FANTASY FOOTBALL Balance Sheets December 31 2024 2023 Amount % Amount % Cash $ 230,400 $ 334,400 Accounts receivable 998,400 1,245,200 Inventory 2,524,800 1,500,400 Supplies 148,800 132,000 Equipment Long-term assets Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts navahin 1,478,400 1,478,400 (580,800) (290,400) $ 4,800,000 $ 4,400,000 $ 196 A00 149 800 Required Information Assets Current assets: Cash FANTASY FOOTBALL Balance Sheets December 31 Amount 2024 Amount 2023 $ 230,400 Accounts receivable 998,400 Inventory 2,524,800 Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock 148,800 1,478,400 (580,800) $ 4,800,000 $ 334,400 1,245,200 1,500,400 132,000 1,478,400 (290,400) $ 4,400,000 $ 196,800 149,600 0 4,400 105,600 105,600 1,108,800 1,108,800 915,200 Retained earnings 2,473,600 915,200 2,116,400 Total liabilities and stockholders' equity $ 4,800,000 $ 4,400,000