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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.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) Amount % 2022 2021 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation $ 2,300,000 $ 800,000 1,500,000 1,200,000 2,800,000 1,700,000 11,000,000 11,000,000 (2,000,000) (1,000,000) $ 15,600,000 $ 13,700,000 Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,450,000 $ 1,700,000 1,500,000 8,000,000 8,000,000 4,650,000 4,000,000 $ 15,600,000 $ 13,700,000