The comparative cash and accounts receivable balances for a company are provided below.
|
|
2008
|
2007
|
|
Cash
|
$62,500
|
$50,000
|
|
Accounts receivable (net)
|
74,400
|
80,000
|
Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?