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 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 $ 3,168,000 1,804,000 3,300,000 16,302,000 (2,574,000) $ 22,000,000 819,000 1,443,000 2,223,000 16,302,000 (1,287,000) 19,500,000 $ $ 2,496,000 $ 1,936,000 2,156,000 8,580,000 9,328,000 $ 22,000,000 8,580,000 8,424,000 $ 19,500,000