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 Increase (Decrease) Amount % 2022 2021 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation $ 2,220,000 $ 1,000,000 1,530,000 1,200,000 3,675,000 1,750,000 9,525,000 9,525,000 (1,950,000) (975,000) $ 15,000,000 $ 12,500,000 Total assets 1,200,000 Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock $ 1,500,000 $ 990,000 6,900,000 5,610,000 $ 15,000,000 Retained earnings Total liabilities and stockholders' equity 6,900,000 4,400,000 12,500,000