Required information [The following information applies to the questions displayed below.] The balance sheets for Company A for Year 2 and Year 1 are presented below. (8 01:53:32 2. Prepare a horizontal analysis for Year 2 using Year 1 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) COMPANYA Balance Sheet December 31 Year Year 2 Increase (Decrease) Amount % Year 1 Assets Cash Accounts receivable Inventory Buildings $ 1,820,000 1,386,000 3,094,000 9,800,000 (2,100,000) $ 14,000,000 $ 625,000 1,000,000 2,125,000 9,800,000 (1,050,000) $ 12,500,000 $ 1,225,000 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,372,000 1,316,000 6,650,000 4,662,000 $ 14,000,000 6,650,000 4,625,000 $ 12,500,000