Required information Problem 12-3A Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.) The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Problem 12-3A Part 1 Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 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.) SPORTS UNLIMITED Balance Sheets For the years ended December 31 2021 Amount % 2020 Amount % Assets Current assets: Cash | $ $ 125,400 66,000 94,000 33,500 Accounts receivable $ $ 125,400 66,000 53,900 22,000 94,000 33,500 95,500 11,000 60,500 137,500 122,100 (37,400) 550,000 171,500 119,000 (24,500) 500,000 $ | $ Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: 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 earnings Total liabilities and stockholders' equity $ $ 48,400 11,000 8,250 63,500 5,500 7,500 171,600 131,000 165,000 145,750 550,000 165,000 127,500 500,000 $ $