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1. The comparative accounts payable and long-term debt balances for a company follow: Accounts Payable Current Year Prior Year $172,000 $144,000 118,980 123,700 Long-Term

1. The comparative accounts payable and long-term debt balances for a company follow: Accounts Payable Current Year Prior Year $172,000 $144,000 118,980 123,700 Long-Term Debt Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Round percentage to one decimal place.

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