1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) 2021 Amount FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount Assets Cash $ 2,300,000 Accounts receivable 1,500,000 Inventory 2,800.000 Buildings 11,000,000 Less: Accumulated depreciation (2.000.000) Total assets $ 15,600 000 Liabilities and Stockholders' Equity Accounts payable $ 1.450.000 Contingent liability 1 500,000 Common stock 8.000.000 Retained earnings 4,650.000 Totallaties and stockholders equity $ 15,600.000 $ 800,000 1.200,000 1.700.000 11.000.000 (1.000.000 5 13.700,000 $ 1700 000 8,000,000 4000.000 $ 13,700.000 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Assets Cash $ 2,300,000 $ 800,000 Accounts receivable 1,500,000 1.200.000 Inventory 2,800,000 1.700.000 Buildings 11.000.000 11,000 000 LossAccumulated depreciation (2.000.000) (1.000.000) Total assets $ 15,000,000 5 13 700 000 Liabilities and Stockholders' Equity Accounts payable $ 1,450,000 $ 1.700.000 Contingent liability 1.500.000 Common stock 8.000.000 3.000.000 Retained earning 4.650.000 4.000.000 Total abities and stockholders' equity 5 15 600.000 5 13.700.000