Complete the Vertical Analysis for these Financial Statements

Lincoln Company Balance Sheet 12/31/2014 Lincoln Company Income Statement For the Years Ended 12/31/2013 Assets: 12/31/2014 Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets 162 500 Long-Term Investments Property, Plant & Equipment Intangible Assets Total Long-Term Assets Total Assets Liabilities & Equity: Liabilities: Accounts Payable Current Portion of Long-Term Liabilt Total Current Liabilities Long-Term Liabilities Total Liabilities Equity: Preferred 6% Stock, $100 par Common Stock, $10 par Retained Earnings Total Equity Total Liabilities & Equity L 118,500 115,000 311 ,ooo 5 500 550 ooo 95,000 444 , 500 50 ooo 589 500 1 139 500 101,000 109 ooo 210 ooo 100 ooo 310 ooo 150,000 500,000 179 500 829 500 1 139 500 124,500 120,000 283,000 5 500 533 ooo 177,500 470,000 50 ooo 697 500 1 230 500 125,000 118 ooo 243 ooo 200 ooo 443 000 150,000 500,000 137 500 787 500 1 230 500 Revenue Sales Sales Returns & Allowances Net Revenue Cost of Goods Sold Gross Margin Operating Expenses Selling Expenses Administrative Expenses Total Operating Expenses Net Income from Operations Other Income/(Expenses) Other Income Interest Expense Total Other Income/(Expenses) Net Income before Income Taxes Income Tax Expense Net Income 32 500 1 043 ooo 455 ooo 191 ,ooo 104,000 295 ooo 160 ooo 8,500 6 ooo 2 500 71 500 91 ooo 12/31/2013 34 ooo 820 ooo 380 ooo 147 ,OOO 97,400 244 400 135 600 11,000 12 ooo 1 ooo 134 600 58 100 76 500 Complete the Vertical Analysis for these Financial Statements