Question 21 (8 points) The management team of ACME Corporation would like to learn more about the changes from year to year. Selected financial information from their Statement of Income is given below. 2021 $14,000 2020 $12,750 2019 $11,800 Service revenue Salaries expense Supplies expense Rent expense 4,700 2,800 1,000 4,600 2,000 875 4,200 1,750 850 Required: 1. Using Horizontal Analysis, complete the table below to calculate the percentage of the base-year amount for the Statement of Income data provided above. Use 2019 as the base year. Round to one decimal place. (6 marks) 2. Should the management of the company be concerned or pleased about the trends calculated below? Why? (2 marks) Paragraph U v + v ... Part 1 Horizontal Analysis 2021 2020 2019 2. Snouia the management of the company de concerned or pleased about the trends calculated below? Why? (2 marks) Paragraph UA , v + V Part 1 Horizontal Analysis 2021 2020 2019 Service revenue Salaries expense Supplies expense Rent expense Part 2 Management's opinion