2 The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Part 2 of 2 2. Prepare a horizontal analysis for 2025 using 2024 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.) 10 points eBook Assets Cash Accounts receivable Inventory FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2025 2024 Amount % $ 2,655,000 $ 900,000 1,320,000 1,200,000 2,775,000 1,250,000 10,050,000 10,050,000 (1,800,000) (900,000) Mc Graw Hill Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained eamings Total liabilities and stockholders' equity $ 15,000,000 $ 12,500,000 $ 1,725,000 $ 1,562,500 1,245,000) 5,475,000 6,555,000 1,070,000 5,475,000 4,392,500 $ 15,000,000 $ 12,500,000 0 < Prev 2 of 5 Next >