Required information [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decre calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage place.) Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock FEDERER SPORTS APPAREL Balance Sheet December 31 Retained earnings Total liabilities and stockholders' equity 2025 $ Year 2024 2,431,000 $ 754,000 1,581,000 1,305,000 3,128,000 1,595,000 11,832,000 11,832,000 (1,972,000) (986,000) $ 17,000,000 $ 14,500,000 $ 1,496,000 $ 1,856,000 1,360,000 1,100,000 7,888,000 7,888,000 6,256,000 3,656,000 $ 17,000,000 $ 14,500,000 Increase (Decrease) Amount %

Required information [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decre calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage place.)