Hayes Corporation makes cell phone covers and has the following comparative income statement for the years ended December 31, 2019 and 2018: (Cick the icon to view the comparative income statement.) Read the requirement Begin by completing a horizontal analysis of Hayes Corporation's income statement. (Use a minus sign or parentheses to show an amount and/or percentage decrease. Round all percentages to the nearest tenth percent, X.X. Complete all input boxes. If the base amount is $0, enter a "0" in the percentage column.) Hayes Corporation Income Statement Comparative Income Statement - X Years Ended December 31, 2019 and 2018 Increase (Decrease) 2019 2018 Amount Percentage Hayes Corporation Revenues Income Statement x Net Sales Revenue $ 900,000 $ Requirement 800,000 % Years Ended December 31, 2019 and 2018 0 Other Revenues 5,600 % 2019 2018 Total Revenues 900.000 805,600 % Revenues Perform a horizontal analysis and a vertical analysis of Hayes Corporation. State Expenses whether 2019 was a good year or a bad year, and give your reasons. Net Sales Revenue $ 900,000 $ 800.000 Cost of Goods Sold 5,600 638,100 543,200 % 0 Other Revenues Engineering, Selling, and Administrative Expenses 164,700 158,400 % Print Done Total Revenues 900,000 805,600 Interest Expense 15,300 14.400 % Expenses Income Tax Expense 22,500 4.800 % Cost of Goods Sold 638,100 543,200 1,800 0 Other Expenses Engineering, Selling, and Administrative Expenses 164,700 158.400 Total Expenses 842.400 720.800 % Interest Expense 15,300 14,400 $ 57,600 $ 84.800 Income Tax Expense 22.500 4,800 Net Income % Other Expenses 1,800 0 Total Expenses 842,400 720.800 $ 57,600 $ 84,800 Net Income Print Done Enter any number in the edit fields and then click Check