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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 $70,325 $72,500 Long-term debt 75,258

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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 $70,325 $72,500 Long-term debt 75,258 67,800 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal a Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable -2,175 Decrease % Long-term debt %

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