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.) Increase (Decrease) Amount % FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Assets Cash $ 3,087,000 $1,073,000 Accounts receivable 1.764,000 1.424,500 Inventory 3,717,000 2,405,000 Buildings 14,763,000 14,763,000 Less: Accumulated depreciation (2.331,000) (1,165,500) Total assets $ 21,000,000 $ 18,500,000 Liabilities and Stockholders' Equity Accounts payable $ 1,953,000 $2,331,000 Contingent liability 1.995,000 Common stock 9,324,000 9.324,000 Retained earnings 1 7,728,000 6,845,000 Total liabilities and stockholders' equity $ 21,000,000 5 18,500,000