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.) 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 $ 1,712,500 $ 600,000 1,175,000 780,000 2,862,500 1,120,000 8,250,000 8,250,000 (1,500,000) (750,000) $ 12,500,000 $ 10,000,000 S 1,237,500 $ 1,300,000 1,200,000 5,100,000 4,962,500 1,120,000 5,100,000 2,480,000 $ 12,500,000 $10,000,000 Dwight's Trophy Shop is considering the following accounting changes: Required: Classify each accounting change as either conservative or aggressive. a. Increase the allowance for uncollectible accounts. b. When costs are going up, change from LIFO to FIFO. c. Change from the straight-line method of depreciation to declining-balance in the second year of equipment with a 10-year life. d. Record a smaller expense for warranties