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 at 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: 103,050 $ 62,550 50,850 7,200 78,400 31,600 70,000 3,600 luoto in bondo CACO - 0 54,450 96,300 102,150 (26,550) 450,000 $ 134,400 101,200 (19,200) 400,000 $ Required information Long-term assets. Investment in bonds Land Equipment Less: Accumulated depreciation Total assets 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 $ 42,300 $ 7,200 12,150 51,600 3,600 8,000 117,900 114,000 144,000 126,450 450,000 $ 144,000 78,800 400,000 $