Vertical Analysis Two income statements for Versatile Company follow: Versatile Company Income Statements For the Years Ended December 31 2015 2014 Fees earned Operating expenses Income from operations $582,000 453,960 $128,040 $493,000 404,260 $88,740 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 2015 Percent 2014 Amount 2014 Percent Fees earned $582,000 % $493,000 % Operating expenses 453,960 % 404,260 % Income from operations $128,040 % $88,740 % b. Does the vertical analysis indicate a favorable or an unfavorable trend