Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $80,850 30,968 $73,500

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable Long-term debt $80,850 30,968 $73,500 39,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Accounts payable Long-term debt $ 7,350 Increase 8,232 V Decrease Percentage 10 % X %

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