11 Required information [The following information applies to the questions displayed below! The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 1 of 2 Required: 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.) ts Book FEDERER SPORTS APPAREL Balance Sheet December 31 Hint Print 2022 2021 Perences Amount Amount % Assets Cash Accounts receivable Inventory Buildings Loss: Accumulated dopreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 2,925,000 1,560,000 3,744,000 13,923,000 (2,652,000) $ 19,500,000 $ 765,000 1.428,000 2,210,000 13,923,000 (1.326,000) $ 17,000,000 $ 1,887,000 $ 1.794.000 1,891,500 7.293,000 8,521,500 $ 19,500,000 7,293,000 7,820,000 $ 17,000,000 Prev 1 2 of 8 Next > 2 Required information The following information applies to the questions displayed below! The balance sheets for Federer Sports Apparel for 2022 and 2021 ore presented below. 2 of 2 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.) - Book FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Pret rences Increase (Decreaso) Amount Assets Cash Accounts receivable Inventory Buildings Low: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent laboy Common stock Retained earnings Total abilities and stockholders' equity $ 2,025,000 $ 765,000 1,560,000 1.428,000 3,744,000 2.210,000 13,923,000 13,923,000 (2.652,000) (1,320,000) $ 19,500,000 $ 17.000.000 $ 1,794,000 $1,887,000 1,891,500 7,293,000 7.293.000 8,521,500 7.820,000 $ 19,500,000 $ 17,000,000