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Perform a horizontal analysis for the balance sheet entry "Accounts Payable" given below. (Round to...

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Perform a horizontal analysis for the balance sheet entry "Accounts Payable" given below. (Round to the nearest tenth) 2005 2004 Increase/Decrease Amount Percent | $9,000 7,4001 5,1001 21,500 $8,700 6,200 3,800 18,700 Liabilities and Owner's Equity Current Liabilities Accounts Payable Salaries Payable Taxes Payable ITotal Current Liabilities Long-term Liabilities Debenture Bond Total Liabilities Stockholder's Equity Retained earnings Total Liabilities and Stockholder's Equity O (2.9%) (3.0%) (3.4%) (9.2%) 17,000 38,500 15,700 34,400 28,000 $66,5001 27,800 $62,200

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