Apple, Inc.'s consolidated statements of earnings for 2014, 2015, and 2016 are presented below a. Using the statement of earnings, prepare a vertical common-size analysis for 2014, 2015, and 2016. Use revenue as a base. b. Using the statement of earnings, prepare a horizontal common-size analysis for 2014, 2015, and 2016. Use 2014 as the base. c. Comment on significant changes identified in (a) and (b) Period Ending: 9/24/2016 9/26/2015 9/27/2014 $ in 000s $215,639,000 $233,715,000$182,795,000 $ in 000s $ in 000s Total Revenue Cost of Revenue Operating Expenses $131,376,000 $140,089,000 $112,2 $10,045,000$8,067,000$6,041,000 $14,194,000 $14,329,000$11,993,000 Research and Development Sales, General and Admin $0 $0 $0 $0 Non-Recurring Items Other Operating Items Operating Income Add'l income/expense items Earnings Before Interest and Tax Interest Expense Earnings Before Tax Income Tax Minority Interest Equity Earnings/Loss Unconsolidated Subsidiar Net Income-Cont. Operations Net Income Net Income Applicable to Common Shareholders $60,024,000$71,230,000$52,503,000 $980,000 $61,372,00072,515,000$53,483,000 $1,348,000$1,285,000 $0 $0 $61,372,000 $72,515,000$53,483,000 $19,121,000$13,973,000 $0 $0 $45,687,000$53 $0 $0 3,394,000$39,510,000 $45,687,000$53,394,000$39,510,000 $45,687,000$53,394,000$39,510,000