You are considering buying a franchise in the Tree Pruning Company. One of your friends in a nearby city had one for two years. She shared her results, below: The Tree Pruning Company Income statement for the year ended December 31, 2010. 2009 sales. 75,000. 62,000 less cost of goods sold. 37,000. 30,000 Gross profit. 38,000. 32,000 less operating costs. 28,000. 24,000 earning before interest and taxes (EBIT). 10,000. 8,000 less: interest expense. 3,000. 5,000 earnings before taxes. 7,000. 3,000 less income tax expense. 2,800. 1,200 Net income. 4,200. 1,800 a) Do a horizontal and vertical analysis on the income statement. b) Should you buy a franchise?