Question: The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $33,616 $38,200 Long-term debt 60,884 49,100 Based

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

	Current Year	Previous Year
Accounts payable	$33,616	$38,200
Long-term debt	60,884	49,100

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.

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

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