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) Amount 54 FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Assets Cash $ 2,431,000 $ 754,000 Accounts receivable 1,581,000 1,305,000 Inventory 3,128,000 1.595,000 Buildings 11.832.000 11,832,000 Less: Accumulated depreciation (1.972,000) (986,000) Total assets $ 17,000,000 $ 14,500,000 Liabilities and Stockholders' Equity Accounts payable $ 1,490,000 $1,850,000 Contingent liability 1,360,000 Common stock 7.888,000 7.888,000 Retained oamingo 6,256,000 4,756,000 Total abilities and stockholders' equity $ 17,000,000 $ 14,500,000