Save c 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 we Cap Requirement 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 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 ACE Read Sales revenue 96 % % % % % FI Annual sales and net income data base st whole A B C D E F G H (in 1 millions) 2020 2019 2018 2017 2016 2015 2014 Sales 2 revenue $ 74,000 S 72.000 $ 68,000 S 69,000 $ 67,000 $ 63,000 $ 57,000 3 Net income $ 3,670 $ 2,690 $ 2,920 S 3,330 $ 3,290 $3,250 $ 2,800 Print Done comparative income statement A B 1 Hooser Corporation Income Statements 2 N 3 For the Fiscal Years 2020 and 2019 4 (amounts in millions) 5 2020 2019 6 Sales revenues $ 74,000 $ 72,000 7 Less: Cost of goods sold 50,320 23,680 8 Gross profit 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 49,680 22,320 16,600 16,270 7,410 5,720 600 800 12 Income before income taxes 13 Less: Income tax expense 6,810 2,043 4,920 1,476 14 Net income $ 3,670 $ 2,690 Print Done Requirements - X 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 statements for the years 2019-2020 and comment on the results 3. Perform a vertical analysis of the income statements for the years 2019-2020 and comment on the results. Print Done