v2. g and learning resource . -Show Me How Cal ulator Vertical Analysis Two income statements for Hemlock Company follow Hemlock Company Income Statements For Years Ended December 31 Fees earned Operating expenses Operating income 2019 $725,000 435,000 $290,000 2018 $615,000 356,700 $258,300 ) a. Prepare a vertical analysis of Hemlock Com pany's income statements. Enter percents as whole numbers Hemlock Company Income Statements Fer Years Ended December 31 2019 Amount 2019ct 2018 Amount 2018 Percent Fees earned Operating expenses 435,000 Operating income $290,000 100% v s615,000 67%x 356,700 66% x s2sa,300 100 % 66 % x 68% X $725,000 Check My work Vertical analysis of the income statement states each item as a percentage of the fees earned. To determine the trend, c year with those of the most recent year Check My Work i more Check Mty Work uses emaning t more Check My Work uses remaining