Comparative information taken from Friction Company's financial statements is shown below. (a) Notes receivable (b) Accounts receivable (c) Retained earnings (d) Sales (e) Operating expenses Income taxes payable Year 2 $25,500 106,200 77,000 654,000 160,000 25,000 Year 1 $30,000 90,000 70,000 600,000 200,000 20,000 Required: Using horizontal analysis, show the percentage change and direction increase or decrease) from Year 1 ts Year 2 with Year 1 as the base year. If an item is impossible to compute, enter a o' in the percentage box and select "Not possible to compute" in the narrative box