Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow: Accounts payable Current Year $176,000 Long-term debt 168,950 Previous Year $200,000 155,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Amount of Change Increase/Decrease Accounts payable Long-term debt Decrease Increase Percentage % % Feedback Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages.