[The following information applies to the questions displayed below] The balance sheets for Fantasy Football for 2024 and 2023 are provided below. 2. Prepare a horizontal analysis of Fantasy Football's 2024 balance sheet using 2023 as the base year. (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ FANTASY FOOTBALL } \\ \hline \multicolumn{7}{|c|}{ Balance Sheets } \\ \hline \multicolumn{7}{|c|}{ December 31} \\ \hline & \multicolumn{4}{|c|}{ Year } & \multicolumn{2}{|c|}{ Increase (Decrease) } \\ \hline & & 2024 & & 2023 & Amount & % \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline \multicolumn{7}{|l|}{ Current assets: } \\ \hline Cash & $ & 230.400 & $ & 334,400 & & \\ \hline Accounts receivable & & 998,400 & & 1,245,200 & & \\ \hline Inventory & & 2,524,800 & & 1,500,400 & & \\ \hline Supplies & & 148,800 & & 132,000 & & \\ \hline \multicolumn{7}{|l|}{ Long-term assets: } \\ \hline Equipment & & 1,478,400 & & 1,478,400 & & \\ \hline Less: Accumulated depreciation & & (580,800) & & (290,400) & & \\ \hline Total assets & $ & 4,800,000 & $ & 4,400,000 & & \\ \hline \multicolumn{7}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{7}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $ & 196,800 & $ & 149.600 & & \\ \hline Interest payable & & 0 & & 4,400 & & \\ \hline Income tax payable & & 105,600 & & 105,600 & & \\ \hline \multicolumn{7}{|l|}{ Long-term liabilities: } \\ \hline Notes payable & & 1,108,800 & & 1,108,800 & & \\ \hline \multicolumn{7}{|l|}{ Stockholders' equity: } \\ \hline Common stock & & 915,200 & & 915,200 & & \\ \hline Retained earnings & & 2,473,600 & & 2,116,400 & & \\ \hline Total liabilities and stockholders' equity & $ & 4,800,000 & $ & 4,400,000 & & \\ \hline \end{tabular}