Prepare a horizontal analysis of The Sports Shack's 2024 balance sheet using 2023 as the base year. Note: Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place. Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity THE SPORTS SHACK Balance Sheets December 31 $ 2024 Year $ 204,000 756,000 2,188,000 180,000 $ 124,000 $ 1,120,000 1,120,000 (448,000) (224,000) $4,000,000 $3,500,000 0 $ 84,000 1,148,000 2023 304,500 987,000 1,193,500 119,000 80,500 3,500 84,000 1,148,000 763,000 763,000 1,881,000 1,421,000 4,000,000 $ 3,500,000 Increase (Decrease) Amount Percentage Show less A

Prepare a horizontal analysis of The Sports Shack's 2024 balance sheet using 2023 as the base year. Note: Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place