Please fill out the condensed income statement.

Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet data are as of December 31, 2017, and December 31, 2016.

Problem 14-1A (Part Level Submission) Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet data are as of December 31, 2017, and December 31, 2016. Ratzlaff Company Farris Company 2017 2016 2017 2016 Net sales $1.549,035 $339,038 Cost of goods sold 1,080,490 241,000 Operating expenses 302,275 79,000 Interest expense 8,980 2,252 Income tax expense 54,500 6,650 Current assets 325,975 $312,410 500,000 83,336 $79,467 139,728 125,812 Plant assets (net) 521,310 30,281 Current liabilities 65,325 75,815 35,348 Long-term liabilities Common stock, $10 par Retained earnings 108,500 90,000 29,620 25,000 500,000 500,000 120,000 120,000 173,460 146,595 38.096 29,998 (a) Prepare a vertical analysis of the 2017 income statement data for Farris Company and Ratzlaff Company in columnar form. (Round percentages to 1 decimal place, e.g. 12.1%. ) Condensed Income Statement Farris Company Ratzlaff Company Dollars Dollars Percent Percent %