Suppose the comparative balance sheets of Tamarisk, Inc. are presented here TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2020 2019 Assets Current Assets 59.630 $8.790 Property, plant, and equipment (net) 2020 1.860 Other assets 1.540 1.780 Total assets $13.190 $12.430 Liabilities and Stockholders' Equity Current Liabilities $3.290 $3,400 Long-term liabilities 1,350 Stockholders' equity 8,590 7,680 Total liabilities and stockholders' equity $13,190 $12.430 1310 (a) Prepare a horizontal analysis of the balance sheet data for Tamarisk, using 2019 as a base of amount and percentage are a decrease show the numbers as negative, es-55,000, 20% or (55,000), (20%). Round percentages to 1 decimal place, es. 12.1%) TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) Percentage Increase Change 2020 2019 (Decrease) from 2019 Assets Current 59.630 $8.790 5 Assets Property plant, and 2.020 1.860 equipment (net) Other assets 1.540 1.780 $13.190 Total assets $12.430 $ Liabilities and Stockholders Equity Current Liabilities Long-term liabilities Stockholders equity $3.290 $3.400 $ 1.310 1.350 8,590 7.680 Increase (Decrease) Percentage Change from 2019 2020 2019 59,630 $8,790 $ Assets Current Assets Property, plant, and equipment 2020 1.860 Other assets 1540 1780 $13,190 $12,430 $ $3.290 $8.400 5 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders equity Total liabilities and stockholders equity 1310 1350 8.590 7.680 $13,190 $12.430 $ {b) Prepare a vertical analysis of the balance sheet data for Nike for 2020. TAMARISK, INC Condensed Balance Sheet s (in millions) Percent Assets Current Assets 59.630 9 2.020 1.540 $13.190 Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term Liabilities $3.290 1310 . Stockholders' equity 8.590 Total liabilities and stockholders' equity $13.190