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Two Income statements for Satterfield Company are shown below. Satterfield Company Income Statements For the Years Ended December 31 Fees earned 20Y0 $570,000 Operating expenses
Two Income statements for Satterfield Company are shown below. Satterfield Company Income Statements For the Years Ended December 31 Fees earned 20Y0 $570,000 Operating expenses 370,000 Net income $200,000 Prepare a horizontal analysis of Satterfield Company income statements. Round percent answers to one decimal place. If required, use the minus sign to indicate a decrease in the amount and percentage columns. Fees earned 20Y1 $706,800 441,410 $265,390 Net income Satterfield Company Income Statements For the Years Ended December 31 Operating expenses 441,410 20Y1 20Y0 $706,800 $570,000 441,410 370,000 $ $265,390 $200,000-$ Amount Increase/ (Decrease) 136,800 71,410 65,390 Percent Increase/ (Decrease) 0.2 X % 0.2 X 0.3 X
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