The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. 2. Prepare a...

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The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. Assets SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 Year Increase (Decrease) 2024 2023 Amount % Part 2 of 2 10 points eBook Required information Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $ 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 Print Less: Accumulated depreciation (60,900) (32,400) References Total assets $ 700,000 $ 615,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 66,500 $ 79,200 Interest payable Income tax pavable 16,800 8,400 10.500 Mc Graw ta 6.000 Prev points Long-term liabilities: Notes payable Stockholders' equity: 211,400 169,800 eBook Common stock 210,000 210,000 Print Retained earnings 184,800 142,500 References Total liabilities and stockholders' equity $ 700,000 $ 615,900 The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. Assets SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 Year Increase (Decrease) 2024 2023 Amount % Part 2 of 2 10 points eBook Required information Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $ 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 Print Less: Accumulated depreciation (60,900) (32,400) References Total assets $ 700,000 $ 615,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 66,500 $ 79,200 Interest payable Income tax pavable 16,800 8,400 10.500 Mc Graw ta 6.000 Prev points Long-term liabilities: Notes payable Stockholders' equity: 211,400 169,800 eBook Common stock 210,000 210,000 Print Retained earnings 184,800 142,500 References Total liabilities and stockholders' equity $ 700,000 $ 615,900