Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)20222021AssetsCurrent Assets$9,580$8,770Property, plant, and equipment (net)1,8101,800Other assets1,5401,670Total assets$12,930$12,240Liabilities and Stockholders’ EquityCurrent Liabilities$3,150$3,320Long-term liabilities1,3201,370Stockholders’ equity8,4607,550Total liabilities and stockholders’ equity$12,930$12,240 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021 as a base. (If  amount and percentage are a decrease show the numbers as negative, e.g.  -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place,  e.g. 12.5%.) NIKE, INC. Condensed Balance Sheet May 31 ($ in millions)20222021Increase (Decrease)Percentage Change from 2021Assets   Current Assets$9,580$8,770$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Property, plant, and equipment (net)1,8101,800enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Other assets1,5401,670enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Total assets$12,930$12,240$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %Liabilities and Stockholders’ Equity   Current Liabilities$3,150$3,320$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Long-term liabilities1,3201,370enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Stockholders’ equity8,4607,550enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        %   Total liabilities and stockholders’ equity$12,930$12,240$enter a dollar amount       enter percentages rounded to 1 decimal place rounded to 1 decimal place        % (b) Prepare a vertical analysis of the balance sheet data for Nike for 2022. NIKE, INC. Condensed Balance Sheet choose the accounting period   $ (in millions) Percent Assets    Current Assets  $9,580 enter percentages rounded to 1 decimal place        %    Property, plant, and equipment (net) 1,810 enter percentages rounded to 1 decimal place        %    Other assets 1,540 enter percentages rounded to 1 decimal place        % Total assets $12,930 enter percentages rounded to 1 decimal place        % Liabilities and Stockholders’ Equity    Current Liabilities $3,150 enter percentages rounded to 1 decimal place        %    Long-term Liabilities 1,320 enter percentages rounded to 1 decimal place        %    Stockholders’ equity 8,460 enter percentages rounded to 1 decimal place        % Total liabilities and stockholders’ equity $12,930 enter percentages rounded to 1 decimal place        %