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The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $54,530 $57,400 Long-term debt 76,890 69,900 Based

The comparative accounts payable and long-term debt balances for a company follow.

	Current Year	Previous Year
Accounts payable	$54,530	$57,400
Long-term debt	76,890	69,900

Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers.

Amount of Change

Increase/Decrease

Percentage

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