2 Required information (The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Part 2 of 2 25 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) points eBook FEDERER SPORTS APPAREL Balance Sheet December 31 Year + Increase (Decrease) Amount % 2022 2021 $ 2,370,000 1.215,000 3.540,000 9.225.000 (1,350,000) 15.000.000 $ 937.500 1,012.500 2.000.000 9.225,000 (675.000) $ 12,500,000 $ Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1.500.000 $ 1,725,000 1,470,000 6,000,000 5.805.000 $ 15.000.000 6,000,000 5.000.000 $ 12,500,000