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 Year 2021 2020 Increase (Decrease) Amount $ Assets Current assets Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds 103,500 5 46,800 44.550 7,200 70,400 32.000 71.200 3.600 0 Land 54.900 117.450 106.200 (30.600) 450,000 $ 141,600 102.000 (20,800) 400,000 $ 5 30,150 $ 7.200 Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term Babies Notes payable Stockholders' equity Common stock Retained earings Total liabilities and stockholders' equity 46,800 3,600 10,000 12.150 138,150 127.600 144.000 118,350 450.000 5 144,000 68,000 400,000