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The balance sheets for Federer Sports Apparel for 2019 and 2018 are presented below.

value 1.15 points Required in Exercise 12-4 Part 2 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 Year Increase (Decrease) 2019 2018 Amount Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation $ 2,300,000 800,000 1,200,000 1,700,000 11,000,000 (2,000,000)1,000,000) $ 15,600,000 S 13,700,000 1,500,000 2,800,000 11,000,000 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings $ 1,450,000 1,700,000 8,000,000 4,000,000 S 15,600,000 S 13,700,000 1,500,000 8,000,000 4,650,000 Total liabilities and stockholders' equity 1.15 points Exercise 12-4 Part 1 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 receivable Inventory Buildings Less: Accumulated depreciation S 2,300,000 1,500,000 2,800,000 11,000,000 (2,000,000) S 15,600,000 S 800,000 1,200,000 1,700,000 11,000,000 (1,000,000) S 13,700,000 Total assets Liabilities and Stockholders Equity Accounts payable Contingent liability Common stock Retained earnings S 1,450,000 1,500.000 8,000,000 4,650,000 $ 15,600.000 S 1.700,000 8,000,000 4,000,000 S 13.700,000 Total liabilities and stockholders' equity