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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

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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. Duke Company Lord Company 2020 2019 2020 2019 Net sales $1,800,000 $561,000 1,090,800 297,330 Cost of goods sold Operating expenses 273,600 78,540 9,000 4.488 Interest expense Income tax expense Current assets 54,000 6,732 322,000 $310.600 82,900 $78,300 Plant assets (net) 520,500 500,900 139,200 125.100 Current liabilities 65.200 74,400 36,200 29,200 108,800 89,000 28,000 26,000 Long-term liabilities Common stock, $10 par 502,000 502,000 117,000 117,000 Retained earnings 166,500 146,100 40,900 31,200 Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, eg. 12.1%.) Condensed Income Statement Duke Company Lord Company Dollars Percent Dollars Percent % $ PP % > > Cost of Goods Sold Dividends Expenses Oross Profit Income before Income Tas Income From Operations Income Tax Expense Interest Net income Net Sales Operating Expenses the trees and Total

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