2. Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases or negative should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2019 2018 Amount Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation $ 2,370,000 S 937,500 1,012,500 2,000,000 9,225,000 (675,000) $ 15,000,000 S 12,500,000 1,215,000 3,540,000 9,225,000 (1,350,000) Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings $1,725,000 $ 1,500,000 230,000 6,000,000 4,770,000 $15,000,000 S 12,500,000 630,000 6,000,000 6,645,000 Total liabilities and stockholders' equity