Vertical analysis Two income statements for Comea Company follow: Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Fees earned $1,640,000 $1,300,000 Expenses (869,200) (715,000) Net income $770,800 $585,000 Required: a. Prepare a vertical analysis of Cornea Company's income statements. Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 Amount Percent Amount Percent Fees earned $1,640,000 % $1,300,000 Expenses (869,200) (715,000) Operating income $770,800 $585,000 b. Does the vertical analysis indicate a favorable or an unfavorable trend? Favorable Check My Work