[The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. Part 2 of 2 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Sints ebook FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Print References increase (Decrease) Amount X Assets Cash Accounts receivable Inventory Buildings Loss: Accumulated depreciation Total Obsts Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 2,200,000 $ 800,000 1,237,500 990,000 3,112,500 1,000,000 7.150,000 7,150,000 (1.200,000) (600,000) $ 12,500,000 $10,000,000 $1,512,500 $1,250,000 850,000 5,050,000 5,050,000 5,087,500 3,700,000 $ 12,500,000 $10,000,000