14) Two abbreviated income statements for Toby Sam Enterprises follow:

Toby Sam Enterprises Income Statement For the Years Ended December 31
	Year 2	Year 1
Fees earned	$674,350	$520,600
Expenses	(472,045)	(338,390)
Net income	$202,305	$182,210

Using vertical analysis, determine by how much net income would increase or decrease as a percentage of revenue.

a. increase by 111%

b. decrease by 111%

c. decrease by 5%

d. increase by 5%