2. Prepare a horizontal analysis of Fantasy Football's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FANTASY FOOTBALL Balance Sheets December 31 Year 2021 2020 Increase (Decrease) Amount Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity S 154,000 $ 204,000 740,000 1,355,000 760,000 1,025,000 100,000 75,000 1,100,000 1,100,000 (400,000) (200,000) $ 3,049,000 $2,964,000 $ 105,000 $ 81,000 0 4,000 35,000 35,000 N 500,000 500,000 Prev 16 of 24 Next>