The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Prepare a horizontal analysis for 2022 and 2021as the base year.

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.) Increase (Decrease Amosint % FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Assets Cash $ 2,310.000 $ 840.000 Accounts receivable 1,305,000 1,044,000 Inventory 4,005,000 2,136,000 Buildings 8.580,000 8.580.000 Less: Accumulated depreciation (1.200.000) (800,000) Total assets $ 15,000,000 $ 12,000,000 Liabilities and Stockholders' Equity Accounts payable $ 1,725,000 $1,300.000 Contingent liability 1.230,000 Common stock 4.920,000 4.920,000 Retained earnings 7.125.000 5.700.000 Total abilities and stockholders equity $15.000.000 5 12.000.000