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. 2. Prepare a horizontal analysis for Year 2 using Year 1 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.) 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 Answer is complete but not entirely correct. COMPANY A Balance Sheet December 31 Year Year 21 Year 1 Increase (Decrease) Amount % $ 2,310,000 1,305,000 $ 840,000 1,044,000 $1,479,000 175.0 261,000 31.1 4,005,000 2,136,000 1,869,000 222.5 8.580,000 8,580,000 0 (1,200,000) (600,000) (600,000) (71.4) 00000 $15,000,000 $12,000,000 $3,000,000 357.16 $ 1,725,000 $ 1,380,000 $ 345,000 ( 1,230,000 1,230,000 00 41.1 146.4 4,920,000 4,920,000 7.125,000 5,700,000 1,425,000 169.6 $15,000,000 $12,000,000 $3,000,000 357.1