Calculate the percent increase or decrease for each of the following financial statement items: Make sure you indicate whether the percentage change is an increase or decrease. (Hint: You may want to calculate the dollar change for each item below first as you will need this to calculate the percentage change). (3 points).

Year 2 Year 1

Cash $38,500 $30,000

Accounts receivable 60,000 52,500

Inventory 67,500 80,000

Accounts payable 35,100 27,000

Sales 185,500 150,000

Equipment 155,000 125,000