Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current YearPrevious Year Accounts payable$53,346$52,300Long-term debt68,43275,200 Based on this information, what

Horizontal Analysis

The comparative accounts payable and long-term debt balances for a company follow.

Current YearPrevious YearAccounts payable$53,346$52,300Long-term debt68,43275,200

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 ChangeIncrease/DecreasePercentageAccounts payable$

%Long-term debt$

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