$(1)$

Requiredinformation

$[$The following infor $m$ at ion applies to thequest ions displayed below.$]$

The balance sheets for Federer Sports Appar el for $2022$ and $2021$ ar e present ed below.

$2.$ Prepare a hor izont al analys is for $2022$ using $2021$ as the base year. $($Not e: If the per cent age increase or decrease connot be calculat ed$,$ then leave the cell blank. Decr eas es should be indicat ed by a m inus sign. Round your percent age answer s to $1$ decimal place.$)$

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