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 $ 2,208,000 $ 728,000 1.456,000 1,078,000 3,040,000 1,778,000 11,536,000 11,536,000 (2,240,000) (1.120,000) $ 16,000,000 $ 14,000,000 Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,600,000 $1,680,000 1,392,000 6,048,000 6,048,000 6,960,000 6,272,000 $ 16,000,000 $ 14,000,000