Required information The following information applies to the questions displayed below.) The balance sheets for Federer...

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Required information The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2025 2024 Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 1.820,000 $ 625,000 1,386,000 1,000,000 3,094,000 2,125,000 9,800,000 9.800,000 (2,100,000) (1,050,000) $ 14,000,000 $ 12,500,000 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity S 1.372,000 $1,225.000 1,316,000 3060.000 5,650.000 6,650,000 4,662,000 3.565,000 $ 14,000,000 $ 12,500,000 Required information The following information applies to the questions displayed below.) The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. 2. Prepare a horizontal analysis for 2025 using 2024 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2025 2024 Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 1.820,000 $ 625,000 1,386,000 1,000,000 3,094,000 2,125,000 9,800,000 9.800,000 (2,100,000) (1,050,000) $ 14,000,000 $ 12,500,000 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity S 1.372,000 $1,225.000 1,316,000 3060.000 5,650.000 6,650,000 4,662,000 3.565,000 $ 14,000,000 $ 12,500,000