Nebraska Technologies has a condensed income statement as shown below. 
RequiredPrepare a horizontal analysis of Nebraska Technologies' income statements.Comment on the trends,both favorable and unfavorable.
Definitions:
Negligence Theory
A legal theory grounding the claim that a party's failure to act with the level of care considered reasonable under the circumstances leads to harm or damage to another.
Propensities
Natural inclinations or tendencies to behave in a particular way.
Stitches
A method of closing wounds with thread and a needle to promote healing and minimize scarring.
Contributory Negligence
A legal defense where if the plaintiff is found to have contributed to their own harm, they may be barred from recovery or have their compensation reduced.
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