Hypothetical balance sheets of Nike, Inc. are presented here.

NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)
		2022		2021
Assets
Current Assets		$9,800		$8,720
Property, plant, and equipment (net)		1,910		1,820
Other assets		1,540		1,670
Total assets		$13,250		$12,210
Liabilities and Stockholders' Equity
Current Liabilities		$3,277		$3,370
Long-term liabilities		1,280		1,310
Stockholders equity		8,693		7,530
Total liabilities and stockholders' equity		$13,250		$12,210

(a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If amount and percentage are a decreas negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,800 $8,720 $ Property, plant, and equipment (net) 1,910 1,820 Other assets 1,540 1,670 Total assets $13,250 $12,210 $ Liabilities and Stockholders' Equity Current Liabilities $3,277 $3,370 $ Long-term liabilities 1,280 1,310 Stockholders' equity 8,693 7,530 Total liabilities and stockholders' equity $13,250 $12,210 $ (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet $ (in millions) Percent Assets Current Assets $9,800 Property, plant, and equipment (net) 1,910 Other assets 1,540 Total assets $13,250 Liabilities and Stockholders' Equity Current Liabilities $3,277 Long-term Liabilities 1,280 Stockholders' equity 8,693 Total liabilities and stockholders' equity $13,250