The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 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 FEDERER SPORTS APPAREL Balance Sheet December 31 $ 2025 $ Year 3,087,000 $ 1,073,000 1,764,000 1,424,500 3,717,000 2,405,000 14,763,000 14,763,000 (2,331,000) (1,165,500) $ 21,000,000 $ 18,500,000 2024 1,953,000 1,995,000 9,324,000 7,728,000 $ 21,000,000 $ 2,331,000 1,170,000 9,324,000 5,675,000 $ 18,500,000 Increase (Decrease) Amount % Prepare a horizontal analysis for 2025 using 2024 as the base year.