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Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2049 2018 Fees earned Expenses $1,620,000

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Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2049 2018 Fees earned Expenses $1,620,000 (858,600) $761,400 $1,320,000 (726,000) $594,000 Net income 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 2049 2018 Amount Percent Amount Percent Fees earned $1,620,000 % $1,320,000 % Expenses (858,600) % (726,000) % Operating income $761,400 % $594,000 % b. Does the vertical analysis indicate a favorable or an unfavorable trend

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