Consider the following information: Cash Accounts receivable Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets 2024 $610,000 990,000 710,000 2,000,000 $4,310,000 Amount Required: Perform a horizontal analysis for both years; provide both the dollar amount and percentage change for each item. (Round each percentage to one decimal place.): Increase (Decrease) 2023 $180,000 740,000 570,000 Percentage 2,300,000 $3,790,000

Consider the following information: Required: Perform a horizontal analysis for both years; provide both the dollar amount and percentage change for each item. (Round each percentage to one decimal place.)