2. Prepare a horizontal analysis of Sports Unlimited's 2018 balance sheet using 2017 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)

SPORTS UNLIMITED
Balance Sheets
December 31
	Year		Increase (Decrease)
	2018	2017	Amount	%
Assets
Current assets:
Cash	$95,200	$63,700
Accounts receivable	44,400	24,150
Inventory	37,600	59,850
Prepaid rent	5,600	2,800
Long-term assets:
Investment in bonds	45,200	0
Land	103,200	125,300
Equipment	104,000	92,050
Less: Accumulated depreciation	(35,200)	(17,850)
Total assets	$400,000	$350,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$26,800	$38,150
Interest payable	16,800	8,400
Income tax payable	6,000	5,600
Long-term liabilities:
Notes payable	143,200	137,200
Stockholders' equity:
Common stock	112,000	112,000
Retained earnings	95,200	48,650
Total liabilities and stockholders equity	$400,000	$350,000