Problem 12-3A (Algo) Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet...

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Problem 12-3A (Algo) Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted 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 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land Year Increase (Decrease) 2024 2023 Amount % $ 176,400 $ 104,400 72,800 37,200 81,200 112,800 25,200 12,600 81,200 15,900 165,900 208,200 158,200 157,200 (60,900) (32,400) Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 700,000 $ 615,900 Problem 12-3A (Algo) Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted 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 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land Year Increase (Decrease) 2024 2023 Amount % $ 176,400 $ 104,400 72,800 37,200 81,200 112,800 25,200 12,600 81,200 15,900 165,900 208,200 158,200 157,200 (60,900) (32,400) Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 700,000 $ 615,900 Required information Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation $ 176,400 $ 104,400 72,800 37,200 81,200 112,800 25,200 12,600 81,200 15,900 165,900 208,200 158,200 157,200 (60,900) (32,400) Total assets -$ 700,000 $ 615,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 66,500 $ 79,200 Interest payable 16,800 8,400 10,500 6,000 Income tax payable Long-term liabilities: Notes payable Stockholders' equity. 211,400 169,800 Common stock 210,000 210,000 Retained earnings 184,800 142,500 Total liabilities and stockholders' equity $ 700,000 $ 615,900 < Prev 88 10 of 10 Next Problem 12-3A (Algo) Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted 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 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land Year Increase (Decrease) 2024 2023 Amount % $ 176,400 $ 104,400 72,800 37,200 81,200 112,800 25,200 12,600 81,200 15,900 165,900 208,200 158,200 157,200 (60,900) (32,400) Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 700,000 $ 615,900 Problem 12-3A (Algo) Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted 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 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets Investment in bonds Land Year Increase (Decrease) 2024 2023 Amount % $ 176,400 $ 104,400 72,800 37,200 81,200 112,800 25,200 12,600 81,200 15,900 165,900 208,200 158,200 157,200 (60,900) (32,400) Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 700,000 $ 615,900 Required information Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation $ 176,400 $ 104,400 72,800 37,200 81,200 112,800 25,200 12,600 81,200 15,900 165,900 208,200 158,200 157,200 (60,900) (32,400) Total assets -$ 700,000 $ 615,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 66,500 $ 79,200 Interest payable 16,800 8,400 10,500 6,000 Income tax payable Long-term liabilities: Notes payable Stockholders' equity. 211,400 169,800 Common stock 210,000 210,000 Retained earnings 184,800 142,500 Total liabilities and stockholders' equity $ 700,000 $ 615,900 < Prev 88 10 of 10 Next