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 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 FEDERER SPORTS APPAREL Balance Sheet December 31 $ 2025 Year 2024 2,430,000 $ 759,500 1,530,000 1,193,500 3,438,000 1,829,000 12,834,000 12,834,000 (2,232,000) (1,116,000) $ 18,000,000 $ 15,500,000 $ 1,602,000 $ 1,968,500 1,764,000 1,200,000 7,254,000 7,254,000 7,380,000 5,077,500 $ 18,000,000 $ 15,500,000 Increase (Decrease) Amount %

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.)