5 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 $ 1,692,000 $ 500,000 1,164,000 2,424,000 8,280,000 (1,560,000) 800,000 1,200,000 8,280,000 (780,000) $ 12,000,000 $ 10,000,000 $ 1,128,000 $ 1,000,000 1,176,000 5,520,000 4,176,000 1,040,000 5,520,000 2,440,000 $ 12,000,000 $ 10,000,000