FEDERER SPORTS APPAREL Balance Shoot December 31 2022 Amount 2021 Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 3,000,000 1,800,000 3,300,000 14,700,000 (2,800,000) $ 20,000,000 $ 980,000 1,242,500 1,977,500 14,700,000 (1,400,000) $ 17,500,000 $ 2,187,500 $ 1,920,000 1,840,000 9,100,000 7,140,000 $ 20,000,000 9,100,000 6,212,500 $ 17,500,000 2. Prepare a horizontal analysis for 2022 using 2021 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.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase (Decrease) Amount % Assets $ 3,000,000 $ 980,000 1,800,000 1.242,500 3,300,000 1,977,500 14,700,000 14,700,000 (2,800,000) (1,400,000) $ 20,000,000 $ 17,500,000 Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1.920,000 $2,187,500 1.840,000 9,100,000 9,100,000 7.140,000 6,212,500 $ 20,000,000 $ 17,500,000