E G H 2 WN 3 4 1 Comparative information taken from the London Antiques...
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Accounting
E G H 2 WN 3 4 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 1,82,000 1,40,000 5 3 Retained earnings 49,000 $40,000 6 4 Sales 9,30,000 7,50 000 7 5 Operating expenses 1,70,000 2,00,000 6 Income taxes payab 95,000 70,000 10 Instructions 1 Using horizontal analysis, show the percentage change from 2021 to 2022 with 2021 as the base year 12 13 8 9 1 14 2 3 15 16 7 OWN 4 5 43 8 19
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