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Required information Help Save & Exin [The following information applies to the questions displayed below] The balance sheets for Fantasy Football for 2021 and
Required information Help Save & Exin [The following information applies to the questions displayed below] The balance sheets for Fantasy Football for 2021 and 2020 are provided below. 2. Prepare a horizontal analysis of Fantasy Football's 2021 balance sheet using 2020 as the base year. (Negative amounts and Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FANIASY FOOTBALL Balance Sheets December 31 Year 2021 2020 Increase [Decrease) Amount Assets Current assets Cash Accounts receivable. Inventory S 154,000 $ 204,000 740,000 1,355,000 100,000 760,000 1,025,000 4 Supplies 75,000 Long-term assets: Equipment 1,100,000 1,100,000 Less Accumulated depreciation (400,000) (200,000)
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