Horizontal analysisThe comparative accounts payable and long$-$term debt balances for a company follow.Line Item DescriptionCurrent YearPrevious YearAccounts payable$$70,338$$$61,700$Long$-$term debt$61,78967,900$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.Line Item DescriptionAmount of ChangeIncrease$/$DecreasePercentageAccounts payable$fill in the blank $1$fill in the blank $3\%$Long$-$term debt$fill in the blank $4$fill in the blank $6\%$