Faso Fabricating, Inc. and Spinoza Fabrication Corp. are in the same industry and are located in the same region of the country. They have condensed income statements as follows:

	Faso Fabricating, Inc.		Spinoza Fabrication Corp.
	Year 2	Year 1	Year 2	Year 1
Sales	$362,000	$338,000	$422,000	$395,000
Total operating expenses	(285,000)	(245,000)	(305,000)	(285,000)
Net income	$77,000	$93,000	$117,000	$110,000

Using horizontal analysis, compute the percentage change in net income for each company.

a.Faso: 17.2%; Spinoza: 6.4%

b.Faso: (17.2)%; Spinoza: 6.4%

c.Faso: 17.2%; Spinoza: (6.4)%

d.Faso: (17.2)%; Spinoza: (6.4)%