2. Prepare a horizontal analysis for 2025 using 2024 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 Increase (Decrease) 2025 2024 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 $ 2,310,000 $ 840,000 1,305,000 1,044,000 4,005,000 2,136,000 8,580,000 8,580,000 (1,200,000) (600,000) $ 15,000,000 $ 12,000,000 $ 1,725,000 $ 1,380,000 1,230,000 4,920,000 7,125,000 1,050,000 4,920,000 4,650,000 $ 15,000,000 $ 12,000,000