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Satterfield Company Income Statements For the Years Ended December 31 20Y1 20Y0 Fees earned $493,640 $410,000 Operating expenses 313,200 270,000 Net income $180,440 $140,000 Prepare
| Satterfield Company Income Statements For the Years Ended December 31 | ||||
| 20Y1 | 20Y0 | |||
| Fees earned | $493,640 | $410,000 | ||
| Operating expenses | 313,200 | 270,000 | ||
| Net income | $180,440 | $140,000 | ||
Prepare a horizontal analysis of Satterfield Company income statements. Round percent answers to one decimal place. If required, use the minus sign to indicate a decrease in the amount and percentage columns.
| Satterfield Company | ||||
| Income Statements | ||||
| For the Years Ended December 31 | ||||
| 20Y1 | 20Y0 | Amount Increase/ (Decrease) | Percent Increase/ (Decrease) | |
| Fees earned | $493,640 | $410,000 | $ | % |
| Operating expenses | 313,200 | 270,000 | $ | |
| Net income | $180,440 | $140,000 | $ | |
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