2. Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2019 2018 Increase (Decrease) Amount % Assets Cash S 1,692,000 1,164,000 2,424,000 8,280,000 (1,560,000) $ 12,000,000 S 500,000 800,000 1,200,000 8,280,000 (780,000) $10,000,000 Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 5 1,000,000 $ 1,128,000 1,176,000 5,520,000 4,176,000 $ 12,000,000 5,520,000 3,480,000 $10,000,000