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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 $1,842,000 $561,000 Cost of goods 1,040,730 297,330 sold Operating 268,932 77,979 expenses Interest 9,210 3,927 expense Income tax 53,418 6,732 expense Current 323,500 $314,800 83,200 $78,600 assets Plant assets 520,500 501,500 138,300 125,400 (net) Current 64,000 74,800 34,000 28,600 liabilities Long- term 109,000 91,00030,600 24,200 liabilities Common stock, 497,500 497,500 117,000 117,000 $10 par Retained 173,500 153,000 39,900 34,200 earnings *(a) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement Duke Company Dollars Percent Lord Company Dollars Percent % $

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