Question: Question Content Area Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $39,564 $47,100

Question Content Area

Horizontal Analysis

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

	Current Year	Previous Year
Accounts payable	$39,564	$47,100
Long-term debt	74,044	69,200

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	Percentage
Accounts payable	$fill in the blank 1	Increase/Decrease	fill in the blank 3 %
Long-term debt

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