Identify any favorable and unfavorable trends in the following income statements by preparing a vertical analysis.   (Round percentages to two decimal places.)                                                      Year 2                          Year 1 Revenues $394,000 $212,500 Operating expenses: Wages expense $ 79,000 $ 65,000 Rent expense 19,000 18,000 Utilities expense 21,000 14,200 Interest expense 7,500 7,800 Total operating expenses $126,500 $105,000 Net income $267,500 $107,500

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