eBook Show Me How Question Content Area Vertical analysis Two income statements for Cornea Company follow: Cornea Company Income Statements For the Years Ended December 31 Line Item Description 20Y9 20Y8 Fees earned $1,640,000 $1,300,000 Expenses (869,200) (715,000) Net income $770,800 $585,000 Required: a. Prepare a vertical analysis of Cornea Company's income statements. Cornea Company Income Statements For the Years Ended December 31 Line Item Description 20Y9 Amount 20Y9 Percent 20Y8 Amount 20Y8 Percent Fees earned $1,640,000 fill in the blank 1 % $1,300,000 fill in the blank 2 % Expenses (869,200) fill in the blank 3 % (715,000) fill in the blank 4 % Net income $770,800 fill in the blank 5 % $585,000 fill in the blank 6 % b. Does the vertical analysis indicate a favorable or an unfavorable trend