please do parts 1 and 2 and show work

Required: 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 CD Balance Sheets December 31 2018 Amount % 2017 Amount % Assets Current assets: Cash $ Accounts receivable 232,200 91,800 85,500 13,500 136,500 60,000 147,750 6,750 Inventory Prepaid rent Long-term assets: Investment in bonds Land 117,000 206,550 201,150 (47,700) 900,000 246,750 189,000 (36,750) 750,000 $ $ 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 75,600 27,000 21,600 104,250 13,500 21,000 263,700 193,500 247,500 264,600 900,000 247,500 170,250 750,000 $ $ 2. Prepare a horizontal analysis of Sports Unlimited's 2018 balance sheet using 2017 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 December 31 Year 2018 2017 Increase (Decrease) Amount % Assets Current assets: Cash Accounts receivable $ 232,200 91,800 85,500 136,500 60,000 147,750 6,750 13,500 Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment 117,000 206,550 201,150 (47,700) 900,000 01 246,750 189,000 (36,750) 750,000 Less: Accumulated depreciation Total assets $ $ $ 75,600 27,000 21,600 104,250 13,500 21,000 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 263,700 193,500 247,500 264,600 900,000 247,500 170,250 750,000 | $ $