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The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $31,494 $36,200 Long-term debt 80,136 63,600 Based

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

	Current Year	Previous Year
Accounts payable	$31,494	$36,200
Long-term debt	80,136	63,600

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
Accounts payable	$		%
Long-term debt	$		%

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