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Two income statements for Danielle's Design Services are as follows: Fees earned Danielle's Design Services Income Statements For the Years Ending December 31 Year
Two income statements for Danielle's Design Services are as follows: Fees earned Danielle's Design Services Income Statements For the Years Ending December 31 Year 2 $765,340 Year 1 $696,520 Expenses: Wages expense $254,000 $214,600 Rent expense 120,000 108,000 Supplies expense 76,500 98,715 Miscellaneous expense 11,680 16,420 Total expenses $462,180 $437,735 Income from operations $303,160 $258,785 a. Prepare a vertical analysis of Danielle's Design Services income statements. If required, round your percentages to one decimal place. Do not enter the percent sign. Danielle's Design Services Income Statements For the Years Ending December 31 Year 2 Amount Year 2 Percent Year 1 Amount Year 1 Percent
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