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.) 20 FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase (Decrease) Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock + 2,640,000 $ 990,000 5 1,650,000 1,820.000 1,512,000 308,000 3,300.000 2,178,000 1,122,000 14,400,000 14,400,000 0 (2,160,000) (1.080,000) (1.080,000) S 20,000,000 $ 18,000,000 $ 2.000.000 0 5 1.640,000 $ 2.178,000 $ (538,000) 1.900.000 1.900.000 9,360.000 9,360,000