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The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below.

Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. 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.) $ 2,300,000_ $ 800,000 Cash Accounts receivable Inventory 2,800,000 _ 1,700,000 _ Buildings 11,000,000 _ 11,000,000 _ (2900.000) _ (1,000,000, _ $ 15,600,000_ $ 13,700,000 1,500,000 __ Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity 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.) Assets Cash $ 2,300,000 $ 800,000 1 ,500,000 2,800,000 11 ,000,000 Accounts receivable Inventory Buildings Less: Accumulated depreciation (2,000,000) Total assets $ 15,600,000 Liabilities and Stockholders' Equity Accounts payable $ 1,450,000 $ 1,700,000 Contingent liability Common stock 1,500,000 8,000,000 4,650,000 Total liabilities and stockholders' equity $ 15,600,000 Retained earnings