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6 ! Required Information [The following information applies to the questions displayed below.]...

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6 ! Required Information [The following information applies to the questions displayed below.] Part 2 of 2 2 The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. eBook 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 place.) Print SPORTS UNLIMITED Balance Sheets For the years ended December 31 Year 2021 2020 Increase (Decrease) Amount % Assets Current assets: Cash Accounts receivable s $ 103,500 s 48,800 44,550 70,400 32,000 71.200 3,600 7,200 Inventory Prepaid rent Long-term assets: Investment in bonds Land 0 54.900 117.450 108,200 (30.600) 450.000 141.600 102,000 (20.800) 400.000 $ s s $ 48.800 30,150 $ 7,200 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 3.600 10.000 12.150 138,150 127,600 144,000 118,350 450,000 $ s 144,000 68,000 400.000 s $

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