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Help with horizantal anaylsis 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot

Help with horizantal anaylsis

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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 Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability $ 2,370,000 937,500 1,215,000 1,012,500 3,540,000 2,000,000 9,225,000 9,225,000 (1,350,000) (675,000) $ 15,000,000 $ 12,500,000 1,500,000 $ 1,725,000 $ 1,470,000 Common stock Retained earnings Total liabilities and stockholders' equity 6,000,000 6,000,000 5,805,000 5,000,000 $ 15,000,000 $ 12,500,000

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