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.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase (Decrease) Amount % $ Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets $ 2,430,000 1,530,000 3,438,000 12,834,000 (2,232,000) $ 18,000,000 759,500 1,193,500 1,829,000 12,834,000 (1,116,000) 15,500,000 $ $ 1,968,500 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,602,000 1,764,000 7,254,000 7,380,000 $ 18,000,000 7,254,000 6,277,500 $ 15,500,000