2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (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 Cash Accounts receivable Inventory $ 2,200,000 1,237,500 3,112,500 7,150,000 (1,200,000) $ 12,500,000 $ 800,000 990,000 1,660,000 7.150,000 (600,000) $10,000,000 Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,250,000 $ 1,512,500 850,000 5,050,000 5,087,500 $ 12,500,000 5,050,000 3,700,000 10,000,000 $