Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 $ in millions 2020 2019 $ 9,628 1,972 1,476 $13,076 $ 8,300 1,700 1,800 $11,800 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,267 1,222 8,587 $13,076 $ 3,300 1,300 7,200 $11,800 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet ($ in millions 2020 2019 Increase (Decrease) Percentage Change from 2019 Assets Current assets $9,628 $8,300 Property, plant & equipment (net) 1,972 1,700 Other assets 1,476 1,800 Total Assets $13,076 $11,800 Liabilities and Stockholders' Equity Current liabilities $3,267 $3,300 Long-term liabilities 1,222 1,300 Stockholders' equity 8,587 7,200 Total liabilities and Stockholders' Equity $13,076 $11,800 (b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. (Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current assets $9,628 Property, plant, and equipment (net) 1,972 Other assets 1,476 Total Assets $13,076 Liabilities and Stockholders' Equity Current liabilities $3,267 Long-term liabilities 1,222 Stockholders' equity 8,587 Total liabilities and Stockholders' Equity $13,076 Click if you would like to Show Work for this question: Open Show Work