Problem $12-3$A $($Static$)$ Perform vertical and horizontal analysis $($LO$12-1,12-2)$

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The balance sheets for Sports Unlimited for $2024$ and $2023$ are provided below.

Problem $12-3$A $($Static$)$ Part $1$

Required:

Prepare a vertical analysis of Sports Unlimited's $2024$ and $2023$ 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 percentage answers to $1$ decimal place.$)$

$\backslash$table$[[$SPORTS UNLIMITED$],[$Balance Sheets$],[$For the Years Ended December $31],[2024,2023],[,$Amount,$\%,$Amount,$\%],[$Assets$,,,,],[$Current assets:,,,,$],[$Cash$,$$ $103,500,,$$ $70,400,],[$Accounts receivable,$46,800,,32,000,],[$Inventory$,44,550,,71,200,],[$Prepaid rent,$7,200,,3,600,],[$Long$-$term assets:,,,,$],[$Investment in bonds,$54,900,,15,100,],[$Land$,117,450,,126,500,],[$Equipment$,106,200,,102,000,],[$Less: Accumulated depreciation,$(30,600),,(20,800),]]$

$\backslash$table$[[$For the years Enaed vecember $31],[,2024,2023],[,$Amount,$\%,$Amount,$\%],[$Assets$,,,,],[$Current assets:,,,,$],[$Cash$,$$ $103,500,,$$ $70,400,],[$Accounts receivable,$46,800,,32,000,],[$Inventory$,44,550,,71,200,],[$Prepaid rent,$7,200,,3,600,],[$Long$-$term assets:,,,,$],[$Investment in bonds,$54,900,,15,100,],[$Land$,117,450,,126,500,],[$Equipment$,106,200,,102,000,],[$Less: Accumulated depreciation,$(30,600),,(20,800),],[$Total assets,$ $450,000,,$$ $400,000,],[$Liabilities and Stockholders' Equity,,,,$],[$Current liabilities:,,,,$],[$Accounts payable,$ $30,150,,$$ $46,800,],[$Interest payable,$7,200,,3,600,],[$Income tax payable,$12,150,,10,000,],[$Long$-$term liabilities:,,,,$],[$Notes payable,$138,150,,127,600,],[$Stockholders$\text{'}$ equity:,,,,$],[$Common stock,$144,000,,144,000,],[$Retained earnings,$118,350,,68,000,],[$Total liabilities and stockholders' equity,$ $450,000,,$$ $400,000,]]$