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 2022 2021 Increase (Decrease) Amount % 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' equity $ 2,756,500 1,720,500 3,367,000 13,024,000 (2,368,000) $ 18,500,000 $ 896,000 1,232,000 2,032,000 13,024,000 (1,184,000) $ 16,000,000 $ 1,792,000 $ 1,591,000 1,850,000 7,696,000 7,363,000 $ 18,500,000 7,696,000 6,512,000 $ 16,000,000