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. (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 APPAREL Balance Sheet December 31 Year Increase (Decrease) 2022 2021 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 $ 900,000 1,320,000 1,200,000 2,775,000 1,250,000 10,050,000 10,050,000 (1,800,000)) (900,000) $ 15,000,000 $ 12,500,000 $ 1,725,000 $ 1,562,500 1,245,000 5,475,000 6,555,000 5,475,000 5,462.500 $ 15,000,000 $ 12,500,000