Exercise 12-4 Part 1 Required 1. Prepare a vertical analysis of the balance sheet data for 2019 and 2018. Express each amount as a percentage of total assets. FEDERER SPORTS APPAREL Balance Sheet December 31 2019 2018 Amount l % -1-Amount | % Assets Cash S 600,000 1,712,500 1,175,000 2,862,500 8,250,000 780,000 Accounts receivable inventory Buildings Less: Accumulated depreciation (1,500,000) 1.120,000 (750,000 10,000,000 Total assets Liabilities and Stockholders Equity Accounts payable Contingent liability 12,500,000 1,237.500 1,200,000 5,100,000 4,962,500 1,300,000 Common stock Retained earnings 5,100,000 Hints References eBook & Resources Hint#1 Check my work value: 0.06 points Exercise 12-4 Part 2 2. Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated by a minus sign. Round y FEDERER SPORTS APPAREL Balance Sheet December 31 Retained earnings 4,962,500 3,600,000 Hints References eBook & Resources Hint#1 Check my work value: 0.06 points Exercise 12-4 Part 2 2. Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated by a FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2019 2018 | Amount| % Assets 1.712500 $ 600,000 1,175,000 780,000 2,862,5001,120,000 8,250,000 8,250,000 Cash Inventory Buildi Less: Accumulated depreciation (1,500,000) (750,000 Total assets Liabilities and Stockholders Equity Accounts payable 12,500,000 10,000,000 1,237,500 1,300,000 1,200,000 5,100,000 5,100,000 4,962,500 3,600,000 ent liabl Common stock Retained earnings Hints References eBook & Resources Hint#1 Check my work