2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the...

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2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or de cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round you percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2025 2024 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 $ 2,370,000 $ 937,500 1,215,000 1,012,500 3,540,000 2,000,000 9,225,000 9,225,000 (1,350,000) (675,000) $ 15,000,000 $ 12,500,000 $ 1,725,000 $ 1,500,000 1,470,000 6,000,000 5,805,000 1,030,000 6,000,000 3,970,000 $ 15,000,000 $ 12,500,000 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or de cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round you percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2025 2024 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 $ 2,370,000 $ 937,500 1,215,000 1,012,500 3,540,000 2,000,000 9,225,000 9,225,000 (1,350,000) (675,000) $ 15,000,000 $ 12,500,000 $ 1,725,000 $ 1,500,000 1,470,000 6,000,000 5,805,000 1,030,000 6,000,000 3,970,000 $ 15,000,000 $ 12,500,000