The following information apples to the questions displayed below The belance sheets for Federer Sports Apparel for 2019 and 2018 are presented below. Required Information 10.00 points Required: 1. Prepare a vertical analysis of the balance sheet data for 2019 and 2018. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2019 2018 Amount Amount Assets Cash Accounts recelvable $2,925,000 1,560,00O 3,744,000 13,923,00O (2,652,000 $19,500,000 S 765,000 1,428,000 2,210,000 13,923,000 (1,326,000) S 17,000,000 Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings $1,794,000 1,891,500 7,293,000 8,521,500 $ 19.500,000 S 1,887,000 7,293,000 7,820,000 S 17,000,000 Total liabilities and stockholders' equity value: 10.00 polnts Required information 2. Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Increase (Decrease) Amount 2019 2018 Assets Cash Accounts recelvable $2,925,000 765,000 1,428,000 2,210,000 13,923,000 (2,652,0001,326,000) $ 19,500,000 S 17,000,000 1,560,000 3,744,000 13,923,000 Buildings Less: Accumulated depreciation Total assets Llablilltles and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earmings $1,794,000 1,857,000 1,891,500 7,293,000 8,521,500 7,293,00D 7,820,000 $ 19,500,000 17,000,00D Total liabilities and stockholders' equity