Exercise 12-4 (Algo) Part 2 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 2,208,000 $ 728,000 1,456,000 1,078,000 3,040,000 1,778,000 11,536,000 11,536,000 (2,240,000) (1,120,000) $ 16,000,000 $ 14,000,000 2024 1,600,000 $ 1,680,000 1,392,000 1,090,000 6,048,000 6,048,000 6,960,000 5,182,000 $ 16,000,000 $14,000,000 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.)