Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 2048 Fees earned $1,600,000 $1,310,000 Expenses (768,000) (772,900) Net Income $832,000 $537,100 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 2019 2018 Amount Percent Amount Percent Fees earned $1,600,000 100 % $1,310,000 100 Expenses (768,000) X% (772,900) % Operating Income $832,000 % $537,100 b. Does the vertical analysis indicate a favorable or an unfavorable trend? Favorable