Dollars Percent Dollars Percent Net Sales 1,872,000 100% $ 559,000 100 Cost of Goods Sold 1,100,736 58.8 297,388 Gross Profit Operating Expenses Income From Operations Other Expenses and Losses Interest Expense Income Before Income Taxes Income Tax Expense Net Income / (Loss) Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Here are comparative statement data for Duke Company and Lord 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 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings Duke Company 2020 2019 $1,872,000 1,100,736 263,952 9,360 54,288 326,000 $314,500 519,600 497,900 66,000 75,800 107,800 91,600 Lord Company 2020 2019 $559,000 297,388 79,378 4,472 6,149 83,500 $78,600 141,000 125,100 36,600 29,800 30,400 25,600 122,500 122,500 498,000 173,800 498,000 147,000 35,000 25,800