Required information [The following information applies to the questions displayed below.] The balance sheets for Fantasy Football for 2024 and 2023 are provided below. Required: 1. Prepare a vertical analysis of Fantasy Football's 2024 and 2023 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.) (1) Required information \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{\begin{tabular}{l} Barance sneets \\ December 31 \end{tabular}} \\ \hline & \multicolumn{3}{|c|}{2024} & \multicolumn{3}{|c|}{2023} \\ \hline & \multicolumn{2}{|r|}{ Amount } & % & \multicolumn{2}{|r|}{ Amount } & % \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline \multicolumn{7}{|l|}{ Current assets: } \\ \hline Cash & $ & 185,600 & & $ & 367,200 & \\ \hline Accounts recelvable & & 1,067,200 & & & 1,566,000 & \\ \hline Inventory & & 3,404,600 & & & 2,030,400 & \\ \hline Supplies & & 203,000 & & & 183.600 & \\ \hline \multicolumn{7}{|l|}{ Long-term assets: } \\ \hline Equipment & & 1,566,000 & & & 1,566,000 & \\ \hline Less: Accumulated depreciation & & (626,400) & & & (313,200) & \\ \hline Total assets & $ & 5,800,000 & & $ & 5,400,000 & \\ \hline \multicolumn{7}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{7}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $ & 255,200 & & $ & 167,400 & \\ \hline Interest payable & & 0 & & & 5,400 & \\ \hline Income tax payable & & 156,600 & & & 156,600 & \\ \hline \multicolumn{7}{|l|}{ Long-term liabilities: } \\ \hline Notes payable & & 1,879,200 & & & 1,879,200 & \\ \hline \multicolumn{7}{|l|}{ Stockholders' equity: } \\ \hline Common stock & & 1,155,600 & & & 1,155,600 & \\ \hline Retained earnings & & 2,353,400 & & & 2,035,800 & \\ \hline Total liabilities and stockholders' equity & s & 5,800,000 & & $ & 5,400,000 & \\ \hline \end{tabular}