Hooser Corporation's annual sales and net income data for the years 2014-2020 as well as the company's 2020 and 2019 comparative income statements are presented below. (Click on the icon to view annual sales and net income data for the years 2014 2020.) (Click the icon to view the comparative income statement.) Read the requirements. Requirement 1. Perform a trend analysis of sales revenues and net income for the years 20142020, using 2014 as the base year. Comment on the results. Begin by performing the trend analysis for the sales revenue, then for the net income. (Round your answers to the nearest whole percent, X%.) 2020 2019 2018 2017 2016 2015 2014 Sales revenue % % % % % % Annual sales and net income data Requirements 1. Perform a trend analysis of sales revenues and net income for the years 2014-2020, using 2014 as the base year. Comment on the results. 2. Perform a horizontal analysis of the income staterrierits for the years 2019-2020 and a comment on the results. 3. Perform a vertical analysis of the income statements for the years 2019 2020 and comment on the results, A B C D E E F G . H (in ( 1 millions) 2020 2019 2018 2017 2016 2015 2014 Sales 2 revenue S 76,000 $ 74,000 $ 70,000 $ 73,000 $ 68,000 $ 66,000 $ 60,000 3 Net income S 3,970 $ 3,020 $ 3,270 S 3,720 S 3,620 $ 3,550 $ 3,000 Print Done Print Done - Comparative income statement A B C 1 Hooser Corporation 2 Income Statements 3 For the Fiscal Years 2020 and 2019 4 (amounts in millions) 5 2020 2019 6 Sales revenues $ 76,000 $ 74,000 51,680 51,060 7 Less: Cost of goods sold 8 Gross profit 24,320 22,940 9 Less: Operating expenses 16,440 16,800 10 Operating income 7,880 6,140 11 Less: Interest expense 660 860 12 Income before income taxes 7,220 5,280 13 Less: Income tax expense 2,166 1,584 14 Net income $ 3,970 $ 3,020