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Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $60,480 $57,600 Long-term debt 44,528

Horizontal Analysis

The comparative accounts payable and long-term debt balances for a company follow.

Current Year Previous Year
Accounts payable $60,480 $57,600
Long-term debt 44,528 48,400

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? Enter all answers as positive numbers.

Amount of Change Increase/Decrease Percentage
Accounts payable $fill in the blank 1

IncreaseDecrease

fill in the blank 3 %
Long-term debt $fill in the blank 4

IncreaseDecrease

fill in the blank 6 %

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