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 a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % 2020 Amount % $ $ Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land Equipment Less: Accumulated depreciation 155,400 59,400 66,600 13,200 109.450 41,800 108,350 6,600 70.200 146,400 142,200 (53,400) 0 172.700 141,900 (30,800) Required information Amount % Amount % $ $ 155,400 59,400 66,600 13,200 109,450 41,800 108,350 6,600 0 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent 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 70,200 146,400 142,200 (53,400) 600,000 172,700 141,900 (30,800) 550,000 $ $ $ $ 39,600 6,600 16,800 52,250 3,300 14,300 201,600 174,900 231,000 104,400 600,000 231,000 74 250 550,000 $ $