Comparative information taken from the Sage Hill Company financial statements is shown below: Using horizontal analysis, show the percentage change from 2019 to 2020 with 2019 as the base year. 2020 2019 Percentage % (a) Notes receivable $21,460 $18,500 (b) Accounts receivable 177,265 146,500 % (c) Retained earnings 37,130 47,000 % (d) Income taxes payable 60,025 24,500 % (e) Sales 930,000 750,000 de % (f) Operating expenses 153,520 202,000 % Increase or Decrease