What is the primary purpose of the income statement analysis?

What is the primary purpose of the income statement analysis?
Below are the instructions for the assignment and all the material needed to help with the assignment along with the paper that needs to be rewritten. Please only use outside resources for the extra section related to economic news from the Wall Street Journal (pick any article referring to the commercial market and write a summary about it).

I have already constructed the 10-year income model, please also refer to the Excel when rewriting the paper. Please reach out if you have any questions! I

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