Answer:
Increase
2020 - 2019 Amount Percentage
Accounts receivable 524,000 400,000 <u> $124,000 </u> <u> 31%</u>
Inventory 868,000 620,000 <u>$248,000 </u> <u> 40%</u>
Total Assets 3,018,600 2,580,000 <u>$438,600 </u> <u> 17%</u>
<u>Percentage increase:</u>
Accounts receivable = 124,000 / 400,000 = 31%
Inventory = 248,000 / 620,000 = 40%
Total Assets = 438,600 / 2,580,000 = 17%