Horizontal Analysis

The comparative accounts payable and long-term debt balances of a company are provided below.

	Current Year	Previous Year
Accounts payable	$46,965	$50,500
Long-term debt	65,212	54,800

Based on this information, what is the amount and percentage of increase or decrease that would be shown in 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	Decrease	fill in the blank 3 %
Long-term debt	$fill in the blank 4	Increase	fill in the blank 6 %