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Two income statements for PS Enterprises are shown below: PS Enterprises Income Statement For the Years Ended December 31, 2014 and 2013 2014 Fees earned

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Two income statements for PS Enterprises are shown below: PS Enterprises Income Statement For the Years Ended December 31, 2014 and 2013 2014 Fees earned Operating expenses Operating income $780,450 390225 $390225 2013 $650,700 357885 $292815 Using horizontal analysis, calculate the amount and percent change for Operating Expenses. Round to one decimal place, 97,410,25.0% 32,340,8.3% 97,410, 33.3% 32,340,9.0%

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