continuation of condensed income statement

December 31, 2022, and December 31, 2021. Concord Company Tammy Company 2022 2021 2022 2021 Net sales $1,830,000 $559,000 Cost of goods sold 1,099,830 296,829 Operating expenses 269,010 78,260 Interest expense 7,320 3,913 Income tax expense 54,900 6,149 Current assets 323,000 $312,700 83,200 $79,200 Plant assets (net) 519,300 500,600 139,200 124,200 Current liabilities 65,200 75,200 36,800 28,600 Long-term liabilities 108,000 90,000 29,800 26,000 Common stock, $10 par 500,000 500,000 117,000 117,000 Retained earnings 169,100 148, 100 38,800 31,800 Prepare a vertical analysis of the 2022 income statement data for Concord Company and Tammy Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement Concord Company Tamm Dollars Percent Dollars % $ % % % % % % %