Required information [The following information applies to the questions displayed below.] 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. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Increase (Decrease) Year 2022 2021 Amount Assets Cash 1,712,500 600,000 Accounts receivable 1,175,000 780,000 Inventory 2,862,500 1,120,000 Buildings 8,250,000 8,250,000 Less: Accumulated depreciation (1,500,000) (750,000) $12,500,000 10,000,000 Total assets Liabilities and Stockholders' Equity Accounts payable 1,237,500 1,300,000 Contingent liability 1,200,000 Common stock 5,100,000 5,100,000 Retained earnings 4,962,500 3,600,000 12,500,000 10,000,000 Total liabilities and stockholders' equity