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Vertical analysis Show Me HOW Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 20Y8

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Vertical analysis Show Me HOW Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 20Y8 Fees earned $1,500,000 $1,210,000 Expenses (795,000) (665,500) Net income $705,000 $544,500 Required: a. Prepare a vertical analysis of Cornea Company's income statements. If required, round your percentage to the nearest whole number. Cornea Company Income Statements For the Years Ended December 31 20Y9 Amount Fees earned $1,500,000 Expenses (795,000) Net income 20Y9 Percent 20Y8 Amount 20Y8 Percent % $1,210,000 % % (665,500) % % $544,500 % $705,000 b. Does the vertical analysis indicate a favorable or an unfavorable trend?

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