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e Problem Required information The following information applies to the questions displayed below) The balance sheets for Fantasy Football for 2021 and 2020 are provided

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e Problem Required information The following information applies to the questions displayed below) The balance sheets for Fantasy Football for 2021 and 2020 are provided below. 2. Prepare a horizontal analysis of Fantasy Football's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) and She December 31 Year Increase (Decano) Amount 2021 2020 $ 154,000 $ 740,000 1,355,000 100,000 204,000 760,000 1,025,000 75,000 1.100,000 1.100.000 (400,000) (200,000) 3.049,000 $2.964000 $ Assets Current assets Cash Accounts receivable Inventory Supplies Long-term assets Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term liabilities Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and stockholders' equity $ 105,000 $ 0 35.000 81.000 4.000 35,000 500.000 500.000 600.000 1 809,000 3049.000 $ 600.000 1,744 000 2 964,000 $

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