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 $ 2,370,000 $ 948,000 1,215,000 972,000 4,275,000 2,280,000 8,460,000 8,460,000 (1,320,000) (660,000) $ 15,000,000 $ 12,000,000 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock $ 1,725,000 $ 1,500,000 1,470,000 6,000,000 6,000,000 5,805,000 4,500,000 $ 15,000,000 $ 12,000,000 Retained earnings Total liabilities and stockholders' equity