eBook Show Me How Office 365 Income Statements For the Years Ended December 31 2049 2018 Fees earned $1,666,000 $1,320,000 Expenses (896,900) (796,000) Net income $769,100 $524,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Prepare a vertical analysis of Cornea Company's income statements. Round your answers to one decimal place. Cornea Company Income Statements For the Years Ended December 31 2049 2018 Amount Percent Amount Percent Fees earned $ 1,666,000 100 % $ 1,320,000 100 % Expenses (896,900) 50 % (796,000) 60 % Net income $ 769,100 50 % $ 524,000 40 % b. The vertical analysis indicates a favorable trend