Question: Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow Current Year Previous Year Accounts payable $75,591 $68,100 Long-term debt 56,696

Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow Current Year Previous Year Accounts payable $75,591 $68,100 Long-term debt 56,696 74,600 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 answer as positive numbers Amount of Change Increase/Decrease Percentage Accounts payable Increase % Long-term debt Decrease 9

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