Comparative information taken from the Calla Company financial statements is shown below: Year 2 Year 1 a. Accounts receivable P175,000 P140,000 b. Retained earnings 30,000 (40,000) c. Sales 855,000 750,000 d. Operating expenses 170,000 200,000 e. Income taxes payable 22,000 20,000 Instructions: 1. Calculate the peso change for each item and indicate whether the change is increase or decrease. 2. Calculate the percentage change from Year 1 to Year 2 with Year 1 as the base year.