ces The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Cash Accounts receivable FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2022 2021 Amount % $ 2,220,000 $ 1,000,000 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 1,530,000 1,200,000 3,675,000 1,750,000 9,525,000 9,525,000 (1,950,000) (975,000) $ 15,000,000 $ 12,500,000 $ 1,500,000 $1,200,000 990,000 6,900,000 5,610,000 6,900,000 4,400,000 $ 15,000,000 $ 12,500,000