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 $ 2,200,000 $ 800,000
Accounts receivable 1,237,500 990,000
Inventory 3,112,500 1,660,000
Buildings 7,150,000 7,150,000
Less: Accumulated depreciation (1,200,000) (600,000)
Total assets $ 12,500,000 $10,000,000

Liabilities and Stockholders' Equity
Accounts payable $ 1,512,500 $ 1,250,000
Contingent liability 850,000 800,000
Common stock 5,050,000 5,050,000
Retained earnings 5,087,500 2,900,000
Total liabilities and $ 12,500,000 $10,000,000
stockholders' equity