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Two income statements for Comea Company follow: Cornea Company Income Statements For the Years Ended December 31 Fees earned Expenses 2019 2018 $1,698,000 $1,280,000
Two income statements for Comea Company follow: Cornea Company Income Statements For the Years Ended December 31 Fees earned Expenses 2019 2018 $1,698,000 $1,280,000 (848,700) $849,300 (739,000) $541,000 Net income This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare a vertical analysis of Cornea Company's income statements. Round your answers to one decimal place. Cornea Company Income Statements For the Years Ended December 31 2019 Amount Percent Fees earned $1,698,000 Expenses (848,700) $849,300 Net income b. The vertical analysis indicates a 20YB Amount Percent % $ 1,280,000 % % (739,000) $ 541,000 trend.
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