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the numbers i have plugged in under the amount collum are incorrect minus the common stock I think 2. Prepare a horizontal analysis of Sports
the numbers i have plugged in under the amount collum are incorrect minus the common stock I think
2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases 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 Year Increase (Decrease] 2021 2020 Amount % Assets Current assets Cash $ 95 2005 63.700 $ 31 500 Accounts receivable 44 400 24.150 (20,250) Inventory 37.600 59.850 22 250 Prepaid rent 5,600 2.800 (2.800) Long term assets Investment in bonds 45,200 0 (45.2003 Land 103,200 125,300 22,100 Equipment 104.000 92,050 (11,950) Loss Accumulated depreciation (35 200) (17 850) 17,350 Total assets $ 400.000 $ 350,000 $ 50.000 Liabilities and Stockholders' Equity un 37,600 5,600 59,850 2,800 22,250 (2,800) 0 45,200 103,200 104,000 (35,200) 400,000 $ 125,300 92,050 (17,850) 350,000 $ (45,200) 22,100 (11,950) 17,350 -50,000 GA $ Inventory 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 $ 26,800 $ 16,800 6,000 38,150 8,400 5,600 11,350 -8,400 (400) 143,200 137,200 (6,000) 112,000 95,200 400,000 $ 112,000 48,650 350,000 $ 0 (46,550) -50,000 $ Step by Step Solution
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