For the attached balance sheets and income statements prepare the following:

Vertical analysis of the 2020balance sheet

Vertical analysis of the2020income statement

Comparative Balance Sheets 31-Dec Assets 2,020 2.019 Cash $ 38,000 $ 20,000 Accounts receivable 30,000 14,000 Inventory 27,000 20,000 Equipment 60,000 78,000 Accumulated (29,000) depreciation-equipment (24,000) Total $126,000 $108,000 Liabilities and Stockholders' Equity Accounts payable $ 24,000 $ 15,000 Income taxes payable 7,000 8,000 Bonds payable 27,000 33,000 Common stock 18,000 14,000 Retained earnings 50,000 38,000 Total $126,000 $108,000 Nosker Company Income Statement For the Year Ended December 31, 2020 2.020 2,019 Net sales 242,000 200,000 Cost of goods sold 175,000 25,000 Gross profit 67,000 175,000 Operating expenses 24,000 20,000 Income from operations 43,000 155,000 Interest expense 3,000 5,000 Income before income taxes 40,000 150,000 Income tax expense 8,000 4,000 Net income 32,000 146,000