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: 95,2001 44,400 37,600 5,600 63,700 24.150 59.8501 2.800 Homework: Ch 12 1 Required information 5,600 2,800 Part 1 of 2 2.5 points 45,2001 103,200 104,000 (35,200) 400,000 125,300 92,050 (17,850) 350,000 8 03:11:47 $ $ eBook 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 $ $ Print 26,800 16,800 6.000 38,150 8,400 5,600 References 143,2007 137.2001 112,000 95,200 400,000 112,000 48,650 350,000 $ $