Describe and illustrate the use of horizontal analysis in evaluating a company's performance and financial condition.Chipotle Mexican Grill, Inc. (CMG) is a quick-service restaurant providing a focused menu of burritos, tacos, and salads. Chipotle's income statements for the end of two recent years are as follows: Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 (in thousands) Year 1 Year 2 .......... $ 3,904,384 $ 4,501,223 Revenue ...... Expenses: Food, beverage, packing ..... Labor ............. Rent (occupancy)......... General and administrative Other... Total expenses..... Operating income .......... $(1,365,580) (1,105,001) (293,636) (641,953) (463,647) $(3,869,817) $ 34,567 $(1,503,835) (1,045,726) (262,412) (514,963) (410,698) $(3,737,634) $ 763,589 1. Prepare a horizontal analysis of the two income statements. 2. Interpret the horizontal analysis