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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
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 Increase (Decrease) Amount % 2020 $ 102.000 S 892 800 2.659,200 172,800 414,000 1.251 200 1,587 000 133 400 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 TRAR 1.545.000 682400) $4800 000 S 1545 600 (331,200) 4 600 000 $ 148 800$ 105 800 2,659 200 172,800 1,587,000 133,400 1,545,600 1,545,600 (662,400) (331,200) $ 4,800,000 $4,600,000 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 Common stock Retained earnings Total liabilities and stockholders equity 148 800 S 0 105,800 4,600 110,400 110.400 1.104,000 1.104.000 1,012.000 2.424 800 4,800.000 $ 1,012.000 2.263 200 4.600.000 S
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