Two income statements for Midnight Enterprises are shown below. Amount Fees earned $675,000 Operating expenses 473,000 Operating income $202,000 Midnight Enterprises Income Statements For the Years Ended December 31 Year 2 Percentage Amount $520,000 340,000 $180,000 Year 1 Percentage (a) Prepare a vertical analysis of Midnight Enterprises' income statements. Round all percentages to one decimal place in percent form. Use this space to show your work.

Two income statements for Midnight Enterprises are shown below. (a) Prepare a vertical analysis of Midnight Enterprises' income statements. Round all percentages to one decimal place in percent form. Use this space to show your work