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 percenta 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: Cash SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount % $ 225,000 $ 156,000 Accounts receivable 100,800 53,600 Inventory Prenaid rent 90,000 14.400f 138,400. 7.200 2 Required information. inventory Prepaid rent 90,000 130,400 14,400 7,200 Long-term assets: Investment in bonds Land Equipment 101,700 15,800 183,600 280,800 232,200 208,800 Less: Accumulated depreciation (47,700) (44,800) Total assets $ 900,000 $ 815,800 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 54,000 $ 93,600 14,400 7,200 22,500 12,800 287,100 248,800 280,800 280,800 241,200 172,600 $ 900,000 $ 815,800