Vertical Analysis Two income statements for Versatile Company follow: Versatile Company Income Statements For the Years Ended December 31 2015 Fees earned $539,000 $457,000 Operating expenses 377,300 329,040 Income from operations $161,700 $127,960 2014 a. Prepare a vertical analysis of Versatile Company's Income statements. Enter percents as whole numbers. Versatile Company Income Statements For the Years Ended December 31 2015 Amount 2045 Percent 2014 Amount 2074 Percent Fees earned $539,000 $457,000 Operating expenses 377,300 329,040 Income from operations $161,700 $127,960 % % b. Does the vertical analysis indicate a favorable or an unfavorable trend