Can you also show me how you got the answer I've been stuck trying to understand this hw?

Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Crane Company 2020 2019 $1,800,000 1,029,600 235,800 7,200 63,000 Sheridan Company 2020 2019 $559,000 291,798 79,378 3,913 29,627 Current assets Plant assets (net) Current liabilities Long-term liabilities 324,900 536,600 67,300 113,900 $316,100 499,000 75,600 88,000 82,400 139,100 35,900 29,100 $80,000 127,200 30,300 25,200 Common stock, $10 par Retained earnings 509,000 171,300 509,000 142,500 120,000 36,500 120,000 31,700 (a) Prepare a vertical analysis of the 2020 income statement data for Crane Company and Sheridan Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) (a) Prepare a vertical analysis of the 2020 income statement data for Crane Company and Sheridan Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2020 Crane Company Dollars Percent Sheridan Company Percent Dollars et Sales