2. Prepare a horizontal analysis of Fantasy Football's 2024 balance sheet using 2023 as the base year. (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)

			Balance Sheets
			31-Dec
			year		increase (decrease)
			2024	2023	amount	%
assets
current assets:
cash			$204,000	$304,500
accounts receivable		756,000	987,000
inventory			2.,188,000	1,193,000
supplies			180,000	119,000
long-term assets:
equipment			1,120,000	1,120,000
less: accumalted depreciation	-448,000	-224,000
total assets			4,000,000	3,500,000
Liabilities and Stockholders Equity
Current Liablilities:
Accounts payable		$124,000	$80,500
interest payable		0	3,500
income tax payable		84,000	84,000
Long-term liabilities:
Notes payable		1,148,000	1,148,000
Stockholders equity:
common stock		763,000	763,000
retained earnings		1,881,000	1,421,000
Total liabilities and stockholders equity	4,000,000	3,500,000