lest: Test 55 C ite T Email Instructor Questions a Multiple Choice 15-024 6. Perform a horizontal analysis for the balance sheet entry "Accounts Payable" given below. (Round 7. Increase/Decrease Amount Percent Liabilities and Owner's Equity Current Liabilities Accounts Payable Salaries Payable Taxes Payable Total Current Liabilities Long-term Liabilities Debenture Bond Total Liabilities Stockholder's Equity Retained earnings Total Liabilities and Stockholder's Equity $66,500 2012 2011 $9,000 $8,700 10. 7,400 5,100 6,200 3,800 11. 21,500 18,700 12. 13. 17,000 15,700 38,500 34,400 14. 15 28,000 27,800 $62,200 16 O a. 3.4%