Perform a Horizontal Analysis for the Balance Sheet Entry "Accounts

Perform a horizontal analysis for the balance sheet entry "Accounts Payable" given below. (Round to the nearest tenth) $\begin{array}{c}\begin{array}{lll}\\ \text { Liabilities and Owner's Equity}\\ \hline\text { Current Liabilities}\\ \text { Accounts Payable}\\ \text { Salaries Payable}\\ \text { Taxes Payable}\\ \text { Total Current Liabilities}\\ \text { Long-term Liabilities}\\ \text { Debenture Bond}\\ \text { Total Liabilities}\\ \text { Stockholder's Equity}\\ \text { Retained earnings}\\ \text { Total Liabilities and Stockholder's Equity}\end{array}\begin{array}{lll}\\2012\\ \hline \\\$ 9,000 \\7,400 \\5,100 \\21,500\\\\17,000\\38,500\\\\28,000\\\$ 66,500 \end{array}\begin{array}{lll}\\2011\\ \hline\\\$ 8,700 \\6,200 \\3,800 \\18,700\\\\15,700 \\34,400\\\\27,800\\\$ 62,200 \end{array}\begin{array}{lll} \text { Increase/Decrease }\\ \text { Amount Percent}\\ \hline\\ \\ \\ \\\\\\\\\\\\\\\\\end{array}\end{array}$

A) (2.9%)
B) (3.0%)
C) 3.4%
D) (9.2%)