son as per PSMS you SWASTA PROZORI SFEER Sales Cost of goods sold Gross profit from sales Operating expenses Income before tax Income taxes expense Net income Verliche Perce 2016 2015 2014 2016 2015 2014 $1,967,000 51,592,000 51.434,000 1,292,000 1,107,000 1,132,000 665,000 295.000 302.000 270,000 242,000 198,000 305,000 153.000 104,000 110.000 45,000 31000 $277,000 $100,000 $73,000 Cash Accounts receivable, net Prepaid expenses Merchandise inventory Plant assets, net Total assets Accounts payable Long-term notes payable Share capital (100,000 issued) Retained earnings Total liabilities and equity Opng Corporabon Bulance Sheet Vertical Trend Percentages ( 2010 2015 2014 2016 2015 2014 $97.000 $89.000 $72,000 491,000 396.000 330.000 550.000 475,000 307.000 207.000 167,000 140,000 424 000 385.000 351,000 $1,769.000 $1512.000 $1.290,000 $531,000 $484 000 $441,000 615.000 574,000 480.000 368,000 349,000 322000 255.000 125.000 47,000 $1,769 000 $1,512.000 $1,200,000 Cash Accounts receivable net Prepaid expenses Merchandise inventory Plant assets, net Total assets Accounts payable Long term notes payable Share capital (100,000 issued) Retained earnings Total liabilities and equity $97,000 $89,000 $72,000 491,000 396,000 330,000 550,000 475,000 397000 207,000 167.000 140,000 424,000 385,000 351,000 $1,769,000 $1,512,000 $1,290,000 S531,000 $464,000 $441,000 615,000 574,000 480,000 368,000 349,000 322,000 255,000 125,000 47,000 $1.769,000 $1,512,000 $1.290,000 b) Assuming all other things are constant indicate whether the vertical trend between net income and operating expenses is favourable or unfavourable The vertical trend is (select one)