The balance sheets for Sports Unlimited for 2018 and 2017 are provided below.

1. Prepare a vertical analysis of Sports Unlimited's 2018 and 2017 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 answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets December 31 2018 2017 Amount Amount Assets Current assets: Cash Accounts receivable Inventory Prepaid rent $171,750 90,750 67,500 19,500 $121,550 48,100 120,900 9,750 Long-term assets Investment in bonds Land Equipment Less: Accumulated depreciation 98,250 177,750 169,500 (45,000) $750,000 210,600 165,750 (26,650) 650,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable $51,000 19,500 14,250 $65,000 9,750 7,150 Long-term liabilities Notes payable 256,500 240,500 Stockholders' equity Common stock 214,500 194,250 750,000 214,500 113,100 $ 650,000 Retained earnings Total liabilities and stockholders' equity