Required information [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.) SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount Required information For the Years Ended December 31 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land 2024 Amount 2023 Amount % $ 217,800 $ 147,420 101,700 52,260 94,500 152,880 23,400 11,700 126,000 15,700 183,600 250,380 Equipment 231,300 207,480 Less: Accumulated depreciation (78,300) (42,120) Total assets $ 900,000 $ 795,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 67,500 $ 102,180 Interest payable 23,400 11,700 22,500 14,820 Income tax payable Long-term liabilities: Notes payable Stockholders' equity 304,200 267,540 Common stock 280,800 280,800 Retained earnings 201,600 118,660 Total liabilities and stockholders' equity $ 900,000 $ 795,700