Prepare horizontal and vertical analyses. E13.5 (LO 2), AP Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance She May 31 ($ in millions) $ Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 1 Instructions a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) b. Prepare a vertical analysis of the balance sheet data for Nike for 2022. Nike, Inc. ndensed Balance Sheets May 31 ($ in millions) 2022 2021 $ 9,734 $ 8,839 ipment 1,891 1,958 1,558 $13,250 1,713 $12,443 holders' $ 3,277 $ 3,322 1,280 1,296 7,825 8,693 kholders' $13,250 $12,443 Prepare horizontal and vertical analyses. E13-5 (LO 2), AP Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance She May 31 ($ in millions) $ ill Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Instructions a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) b. Prepare a vertical analysis of the balance sheet data for Nike for 2022. Prepare horizontal and vertical analyses. E13.5 (LO 2), AP Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. adensed Balance Sheets May 31 ($ in millions) 2022 2021 $ 9,734 $ 8,839 ipment 1,958 1,558 $13,250 1,891 1,713 $12,443 holders $ 3,277 1,280 8,693 $ 3,322 1,296 7,825 kholders' $13,250 $12,443 Instructions a. Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (Show the amount of increase or decrease as well.) b. Prepare a vertical analysis of the balance sheet data for Nike for 2022