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 $ 92,400 $ 177,600 Accounts receivable 571,200 640,800 Inventory 1,545,600 890,400 Supplies 86,800 52,800 Long-term assets: Equipment 772,800 772,800 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payabl Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: (268,800) (134,400) $ 2,800,000 $ 2,400,000 $ 86,800 67,200 S 76,800 2,400 67,200 571,200 571,200 Common stock 511,200 511,200 Retained earnings 1,563,600 1,171,200 Total liabilities and stockholders' equity $ 2,800,000 $ 2,400,000