Satterfield Company Income Statements For the Years Ended December 31 2011 2080 Fees earned $667,880 $590,000 Operating expenses 404,700 380,000 Net income $263,180 $210,000 Prepare a horizontal analysis of Satterfield Company income statements. Round percent answers to one decimal pl minus sign to indicate a decrease in the amount and percentage columns. Satterfield Company Income Statements For the Years Ended December 31 Amount Percent Increase/ Increase/ (Decrease) (Decrease) 2011 2040 $667,880 $590,000 Fees earned 0.88 X 0.88 X % Operating expenses 404,700 380,000 Net income $263,180 $210,000