The following information applies to the questions displayed below.] 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. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your perc to 1 decimal place.) Answer is not complete FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount X Amount FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2021 2021 Increase (Decrease) Amount % Assets Caah 2022 (32.41 $ 3.045.000 1.743,000 3045,000 16.881,000 12,394,000 ) $21,000,000 100.0 % 388000 1,380,000 2.280,000 15,681,000 11.197,000 $19.000.000 $ 3,045,000 $ 988,000 1,743,000 1,368,000 3,045,000 2.280,000 15,561,000 15,561,000 (2,394,000) (1,197,000) $ 21,000,000 $ 19,000,000 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equily Accounts receivable Inwentory Buildings Less. Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Rutaired earrings Total liabiles and stockhokters' equity $ 2,337,000 $ 1.827.000 1.827,000 8778.000 8.588.000 $21,000,000 8.778,000 7.885.000 $19,000,000 $ 1,827,000 $ 2,337,000 1,827,000 8,778,000 8,778,000 8,568,000 7,885,000 $ 21,000,000 $ 19,000,000