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Phoenix Company reported sales of $500,000 for Year 1, $550,000 for Year 2, and $600,000 for Year 3. Using Year 1 as the base year,

Phoenix Company reported sales of $500,000 for Year 1, $550,000 for Year 2, and $600,000 for Year 3. Using Year 1 as the base year, what were the percentage increases for Year 2 and Year 3 compared to the base year?

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