Kimball Corporation makes cell phone covers and has the following comparative income statement for the years ended December 31, 2025 and 2024

Requirement Perform a horizontal analysis and a vertical analysis of Kimball Corporation. State whether 2025 was a good year or a bad year, and give your reasons. 

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KIMBALL CORPORATION Income Statement Years Ended December 31, 2025 and 2024 2025 Revenues: Net Sales Revenue Other Revenues Total Revenues Expenses: Cost of Goods Sold Engineering, Selling, and Administrative Expenses Interest Expense Income Tax Expense Other Expenses Total Expenses Net Income $ 300,000 0 300,000 214,200 54,000 6,000 4,000 2,700 280,900 $ 19,100 2024 $ 250,000 1,000 251,000 170,000 48,000 5,000 3,000 226,000 $ 25,000