problem 12-3A part 2

Problem 12-3A Part 2 2. Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal plac SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year 2021 2020 Increase (Decrease) Amount $ Assets Current assets Cash Accounts receivable Inventory Prepaid tent 206,150 $ 119,700 102,600 32,300 144,500 60,350 157,250 16,150 0 129,200 198,550 211,850 (50,350) 950,000 $ 305,150 207,400 (40,800) 850,000 $ Required information Lunesse Investment in bonds Land 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 earrings Total liabilities and stockholders' equity $ 93,100 $ 32.300 22,800 122.400 16,150 15,300 281,200 264,350 323,000 197,600 950,000 323,000 108,800 850.000 $