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 % $ $ 159,000 597,000 1,632,000 132,000 217,500 660,000 907,500 85,000 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 780,000 (300,000) 3,000,000 780,000 (150,000) | 2,500,000 $ $ 111,000 $ 60,000 2,500 75,000 75,000 2 . Nout Increase (Decrease) Amount % 2021 2020 Assets Current assets: $ $ 159,000 597,000 1,632,000 132,000 217,500 660,000 907,500 85,000 780,000 (300,000) 3,000,000 780,000 (150,000) 2,500,000 $ $ 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: Common stock Retained earnings Total liabilities and stockholders' equity $ 111,000 0 75,000 60,000 2,500 75,000 315,000 315,000 502,500 1,996,500 3,000,000 502,500 1,545,000 2,500,000 $ $