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Net income was $500,000 in 2020,5485,000 in 2021, and $518,400 in 2022. What is the percentage of change from ta) 2020 to 2021, and (b)

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Net income was $500,000 in 2020,5485,000 in 2021, and $518,400 in 2022. What is the percentage of change from ta) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (famount and percentage are o decrnase show the numbers as negative, 3.-55,000.-20% or (55,000), (20%). Round percentages to O decimal places, es 12%) Percentage a) 2020-2021 Amount X (b) 2021-2022 $

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