Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 20Y9 20Y8 $1,530,000 $1,380,000 (810,900) (800,400) $719,100 $579,600 Fees earned Expenses Net income Required: a. Prepare a vertical analysis of Cornea Company's income statements. If required, round your percentage to the nearest whole numbe Fees earned Expenses Cornea Company Income Statements For the Years Ended December 31 20Y9 Amount 20Y9 Percent 20Y8 Amount 20Y8 Percent Net income $1,530,000 (810,900) $719,100 % $1,380,000 (800,400) $579,600 b. Does the vertical analysis indicate a favorable or an unfavorable trend? % % % % %

Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 a. Prepare a vertical analysis of Cornea Company's income statements. If required, round your percentage to the nearest whole numb b. Does the vertical analysis indicate a favorable or an unfavorable trend