Required information [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. 2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year. (Negative amounts 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 Increase (Decrease) Year 2021 2020 % Amount Assets Current assets: Cash S 95,200 63,700 24,150 Accounts receivable 44,400 Inventory 37,600 59,850 2,800 Prepaid rent 5,600 Long-term assets: Investment in bonds 45,200 0 Land 103,200 125,300 Equipment 104,000 92,050 Less: Accumulated depreciation (35,200) (17,850) 400,000 $ 350,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 26,800 38,150 Interest payable 8,400 16,800 Income tax payable 6,000 5,600 Long-term liabilities: Notes payable 143,200 137,200 Stockholders' equity: Common stock 112,000 112,000 Retained earnings 95,200 48,650 400,000 $ 350,000 Total liabilities and stockholders' equity Required information [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by place.) minus sign. Round your percentage answers to 1 decimal SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 2020 % Amount Amount Assets Current assets: 63,700 Cash 95,200 24,150 Accounts receivable 44,400 59,850 Inventory 37,600 2,800 Prepaid rent 5,600 Long-term assets: Investment in bonds 45,200 0 125,300 Land 103,200 92,050 Equipment 104,000 Less: Accumulated depreciation (17,850) 350,000 (35,200) 400,000 S Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable S 26,800 38,150 8,400 Interest payable 16,800 Income tax payable 6,000 5,600 Long-term liabilities: Notes payable 143,200 137,200 Stockholders' equity: 112,000 Common stock 112,000 Retained earnings 95,200 48,650 400,000 350,000 Total liabilities and stockholders' equity