The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. Required: 1. Prepare a vertical analysis of Sports Unlimited'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.) Assets Current assets Cash SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 2024 2023 Amount % Amount $ 188,800 $ 135,800 Accounts receivable 76,000 51.800 Inventory 72,000 133,700 Prepaid rent Long-term assets: Investment in bonds Land Equipment Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 11.200 99,200 200,800 194,400 (42,400) 800,000 $ 5.600 16 400 215,600 192 600 (35 000) 716,400 $ 51,200 89,600 Interest payable 22,400 11,200 Income tax payable Long-term liabilities. Notes payable Stockholders' equity: Common stock 16,000 13,300 270,400 179,900 224,000 224,000 Retained earnings 216.000 198.400 Total liabilities and stockholders' equity $ 800,000 716,400