Horizontal Analysis

D. E F G . 1 Comparative information taken from the London Antiques Corporation financial statements is shown below: 2022 2021 1 Notes receivable $80,000 $-0 2 Accounts receivable 182,000 140,000 3 Retained earnings 49,000 -40,000 4 Sales 930,000 750,000 5 Operating expenses 170,000 200,000 6 Income taxes payabl 95,000 70,000 Instructions 1 Using horizontal analysis, show the percentage change from 2021 to 2022 with 2021 as the base year. 2 3 1 ON 4 5 3 6 4 5 7 8 9 ON 6