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KI M N 45678 D 1 Comparative information taken from the London Antiques Corporation financial statements is shown below: 2 2022 2021 3 1 Notes

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KI M N 45678 D 1 Comparative information taken from the London Antiques Corporation financial statements is shown below: 2 2022 2021 3 1 Notes receivable $80,000 S-O 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 B 6 Income taxes payabl 95,000 70,000 -9 10 Instructions 11 Using horizontal analysis, show the percentage change from 2021 to 2022 with 2021 as the base year, 12 13 1 14 2 15 16 17 5 18 19 3 4 6 in

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