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

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Accounting

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Required information The following information applies to the questions displayed below The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (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) 2022 2021 Amount % Assets Cash $ 2,300,000 S 1,500,000 800,000 1,200,000 Accounts receilvable Inventory Buildings Less: Accumulated depreciation 2,800,000 11,000,000 1,700,000 11,000,000 (2,000,000) $ 15,600,000 S 13,700,000 (1,000,000) Total assets Liabilities and Stockholders' Equity Accounts payable S 1,450,000 1,500,000 8,000,000 1,700,000 Contingent liability Common stock 8.000.000 Retained eamings 4,650,000 4,000,000 Total liabilities and stockholders' equity $ 15,600,000 S 13,700,000

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