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0 Required information Problem 12-3B Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets
0 Required information Problem 12-3B Perform vertical and horizontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Fantasy Football for 2021 and 2020 are provided below. Problem 12-3B Part 2 2. Prepare a horizontal analysis of Fantasy Football'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.) FANTASY FOOTBALL Balance Sheets December 31 Assets Curren Year 2021 2020 Amount Increase (Decrease) % Cash Accounts receivable Inventory Supplies Long-term assets: Equipment $ 154,000 $ 204,000 740,000 1,355,000 760,000 1,025,000 100,000 75,000 1,100,000 1,100,000 m
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