Prepare a horizontal analysis for 2019 using 2018 as the base year.

2. Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to decimal place.) Increase (Decrease) Amount FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2019 2018 Assets Cash $ 3,045,000 $ 988,000 Accounts receivable 1,743,000 1,368,000 Inventory 3,045,000 2,280,000 Buildings 15,561,000 15,561,000 Less: Accumulated depreciation (2,394,000) (1,197,000) Total assets $ 21,000,000 $ 19,000,000 Liabilities and Stockholders' Equity Accounts payable $ 1,827,000 $ 2,337,000 Contingent liability 1,827,000 Common stock 8,778,000 8,778,000 Retained earnings 8,568,000 7,885,000 Total liabilities and stockholders' equity $ 21,000,000 $ 19,000,000