FEDERER SPORTS APPAREL Balance Sheet December $31$ Year Increase $($Decrease$)20222021$ Amount $\%$ Assets Cash $$2,300,000$ $$800,000$ Accounts receivable $1,500,0001,200,000$ Inventory $2,800,0001,700,000$ Buildings $11,000,00011,000,000$ Less: Accumulated depreciation $(2,000,000)(1,000,000)1,22027\mathrm{.}5$ Total assets $$15,600,000$ $$13,700,000$ Liabilities and Stockholders' Equity Accounts payable $$1,450,000$ $$1,700,000$ Contingent liability $1,500,000$ Common stock $8,000,0008,000,000$ Retained earnings $4,650,0004,000,000$ Total liabilities and stockholders' equity $$15,600,000$ $$13,700,000$