Required information Problem 12-3A Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Problem 12-3A Part 2 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 2021 2020 Increase (Decrease) Amount % Assets Current assets: $ 211,500 $ 140,800 Cash Accounts receivable 99,900 50,400 82,800 154,400 28,800 14,400 Inventory Prepaid rent Long-term assets: Investment in bonds 108,900 0 Land 238,500 280,000 206,100 202,400 (76,500) (42,400) $ 900,000 $ 800,000 $ 75,600 $ 88,800 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 28,800 14,400 21,600 16,000 243,900 234,400 288,000 288,000 158,400 242,100 Retained earnings Total liabilities and stockholders' equity $ 900,000 $ 800,000