ocused menu of burritos, tacos, and salads. Chipotle's income statements through operating income for two Analyze Chipotle Mexican Grill Chipotle Mexican Grill, Inc. (CMG) a quick service restaur recent years are as follows (in thousands): Chipotle Mexican Grill, Inc. Income Statements For the Year Ended December 31 (in thousands) Year 2 Year 1 $3.904.384 54.501,223 Expenses Food, beverage packing (1,365,580) $1,503,835) Labor (1,105,001) (1,045,726) Rent (occupancy) (293,636) (262,412) General and administrative (641,953) (514,963) Other (463,647) (410,698) Total expenses $0.869,817) $(3,737,634) Operating income $34.567 5763.589 Required: a. Prepare a vertical analysis of the two come statements per t e decimal place Chipotle Mexican Grill, Inc. Income Statements For the Year Ended December 31 (in thousands) DengageNowv2 Online tech + takeAssignment/takeAssignment Man.do?invoker-assignments&takeAssignment SessionLocator-assignment-takeinprogress-false Calculator Pritom Chipotle Mexican Grill, Inc. Income Statements For the Years Ended December 31 (in thousands) Year 2 Amount Percent Amount Revenues $3,904,354 $4,501,223 Expenses Food, beverage, packing $1,365,580) $(1,503,835) Labor (1,105,001) (1,045,726) Rent (ocupancy) (293,636) (262.412) General and administrative (641,953) (514,963) Other (463,647) (410.698) Total expenses (3,869,817) 3,737,634) Operating income $763,589 b. Based on the calculations above, which of the following statements are connect 1. Operating income as a percent of revenues dedined i t ro Year 1 to 2 2. The primary cause of the increasing expenseercentages the den t al e s When revenues declined 4. The significant decrease in revenues and operating comen Wassed by foodborne s Con as many as 15 states Submit