Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 2021 Amount % Amount 96 Assets Cash CA $ 2.208,000 1.456.000 3,040.000 11,536,000 (2.240,000) $ 16,000,000 728,000 1 078 000 1.778.000 11,536 000 (1.120 000) $ 14,000,000 Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock $ 1680.000 $ 1,600,000 * 1.392 000 6048 0001 6048000 NIE December 31 2022 2021 Amount % Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 2.208,000 1.456,000 3,040,000 11,536.000 (2,240,000) $ 16,000,000 $ 728,000 1,078,000 1.778,000 11,536,000 (1.120,000) $ 14,000,000 $ 1.680,000 $ 1,600,000 1,392,000 6.048,000 6,960,000 $ 16,000,000 6,048,000 6.272.000 $ 14,000,000 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase Decrease) AMOUR Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Continental $ 2.208,000 $ 728 000 1.456,000 1,078.000 3.040.000 1.778,000 11.536.000 11536 000 2.240.0001 (1.120,000) $16.000.000 5 14 000 000 $ 1.600.000 $ 1680.000 Required information Year Increase (Decrease) Amount % 2022 2021 Assets Cash Accounts receivable $ 2.208,000 $ 728,000 1.456,000 1,078,000 3,040,000 1.778,000 11,536,000 11,536,000 (2.240,000) (1.120,000) $ 16.000.000 $ 14,000,000 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1.600.000 $ 1.680.000 1,392,000 6,048,000 6.048,000 6.960,000 6.272.000 $ 16.000.000 $14.000.000