Required information Problem 12-3A Perform vertical and horizontal analysis (L012-1, 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 2020 Amount % Amount % Assets Current assets: Cash $ 211,500 $ 140,800 Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds 99,900 82,800 28,800 50,400 154,400 14,400 108,900 0 Land 238,500 206,100 (76,500) 900,000 280,000 202,400 (42,400) 800.000 $ S $ $ 75,600 28,800 88,800 14,400 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 21,600 16,000 243,900 234,400 288,000 288,000 242,100 900,000 158,400 800,000 $ $