eBook Chapter 3 HW Show Me How ing and learning resource from Cenga Print Item Two Income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 2019 20Y8 Fees earned $1,510,000 $1,200,000 Expenses (785,200) (672,000) Net income $724,800 $528,000 Required: a. Prepare a vertical analysis of Cornea Company's income statements. If required, round your percentage to the nearest whole number.. Cornea Company Income Statements For the Years Ended December 31 2019 2018 Amount Percent Amount Percent Fees earned $1,510,000 100 % $1,200,000 100 % Expenses (785,200) 85 % (672,000) % % Operating income $724,800 % $528,000 b. Does the vertical analysis indicate a favorable or an unfavorable trend? Favorable