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Required information The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 12 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.) Answer is not complete. FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase (Decrease) Amount % $1.755.000 120,000 1,525,000 70 23 48 Assets Cash Accounts receivable Inventory Buildings Less Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock $ 2,655,000 1,320,000 2,775,000 10,050,000 (1,800,000) $15,000,000 $ 900,000 1,200.000 1,250,000 10,050,000 (900,000) $12,500,000 D (900,000) $2.500.000 $ 1,562,500 $ 1,725,000 1,245,000 5.475,000 $ 162,500 1,245,000 5.475.000 0 2 O II -re to search 2 of 2 FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) Amount 2022 2021 Assets $1,755,000 120 000 1,525,000 70 2 x 48x $ 2 655.000 1,320,000 2,775,000 10,050,000 (1,800,000) $15,000,000 $ 900,000 1,200,000 1,250,000 10.050,000 (900,000) $12,500,000 (900,000) $2,500,000 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 $ 1,562,500 $ 1,725 000 1,245.000 5,475,000 6,555,000 $15,000,000 5,475,000 5,462,500 $12.500.000 $ 162,500 1,245,000 0 1092,500 $ 2.500.000 o II e here to search E