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 $ 2,640,000 $ 990,000 1,820,000 1,512,000 3,300,000 2,178,000 14,400,000 14,400,000 (2,160,000) (1,080,000) $ 20,000,000 $ 18,000,000 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,640,000 $ 2,178,000 1,900,000 9,360,000 9,360,000 7,100,000 6,462,000 $ 20,000,000 $ 18,000,000