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Question 1: Net income was $501,500 in 2020, $477,500 in 2021, and $534,000 in 2022. What is the percentage of change from (a) 2020 to 2021, and (b) from 2021 to 2022? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
Amount Percentage(a) 2020-2021 (24,000) % Decrease(b) 2021-2022 $56,500 % Increase
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