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 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 $ 2,655,000 1320,000 2.775.000 10,050,000 (1.800,000) $15.000.000 $ 900,000 1,200,000 1,250,000 10,050,000 (900.000) $ 12,500.000 $ 1,562,600 $ 1.725,000 1,245.000 5.475.000 6,555,000 $ 15,000,000 5.475.000 5,462,500 $ 12,500,000 The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 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 YAPPAREL Balance Sheet December 31 Yin 2022 loce Dedes) Pandum 207 Assets Cash Accounts receivable Inventory Buildings Less Accumulated depleciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent Baby Common stock Retained eaming Total liabilities and stockholders equity 52.655,000 5 900.000 1.320 000 1.200.000 2.775,000 1.250.000 10,050 000 10,050,000 (1.300.000) 1900,000) $ 15,000 000 $ 12.500.000 5 1.725,000 $1562,500 1.245.000 5.475,000 5,475,000 6.555 000 5.462.500 5 15 000 000 5 12 600 000