Apple Technologies has a condensed income statement as shown below. Year 2 Year1 158,400 S Sales S 162,500 92,500 30,000 25,000 Wages expense Rent expense Utilities expense 80,000 28,000 30,000 Total operating expenses S 138,000 S 147,500 20,400 S 15,000 Net income Horizontal Analysis Vertical Analysis Increase/D Percent % of % of ecrease Revenue Year 2 Year 1 Change Year 2 Year 1 Revenue Amount Sales Wages expense Rent expense Utilities expense Total operating expenses $ S Net income Required: Prepare a horizontal and vertical analysis of Apple Technologies' income statements. Comment on the trends, both favorable and unfavorable. What other information would enhance the analysis? Analysis