Two income statements for Vaughn Company follow: Vaughn Company Income Statements For the Years Ended December 31 2011 20YO Fees earned $716,800 $896,000 672,000 Operating expenses 557,760 Net income $159,040 $224,000 Prepare a horizontal analysis of vaughn Company's income statements. Use the minus sign to indicate a decrease in the amount and percentage columns. Vaughn Company Income Statements For the Years Ended December 31 2011 20YO Amount Percent Increase/ Increase/ (Decrease) (Decrease) 6 Fees eamed $716,800 $896,000 Operating expenses 557,760 672.000 Net Income $159,040 $224,000