2. Prepare a horizontal analysis for 2025 using 2024 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. Assets FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2025 2024 Increase (Decrease) Amount % Cash $ 2,300 $ 800 $ 1,500 18.8 x Accounts receivable 1,500 2,200 (700) 25.0 x Inventory 2,800 1,700 1,100 6.5 x Buildings 11,000 11,000 0 100 Less: Accumulated depreciation (2,000) (1,000) (1,000) 100.0 Total assets $ 15,600 $ 14,700 $ 900 13.9 X Liabilities and Stockholders' Equity Accounts payable $ 1,450 $ 1,700 $ (250) (14.7) Contingent liability 1,500 1,000 150 x Common stock 8,000 8,000 0 Retained earnings 4,650 4,000 650 16.3 Total liabilities and stockholders' equity $ 15,600 $ 14,700 $ 1,900 13.9