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%.)

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 $1,830,000 $559,000 Cost of goods sold 1,099,830 296,829 Operating expenses 269,010 78,260 Interest expense 7,320 3,913 Income tax expense 54,900 6,149 Current assets 323,000 $312,700 83,200 $79,200 Plant assets (net) 519,300 500,600 139,200 124,200 Current liabilities 65,200 75,200 36,800 28,600 Long-term liabilities 108,000 90,000 29,800 26,000 Common stock, $10 par 500,000 500,000 117,000 117,000 Retained earnings 169,100 148,100 38,800 31,800 Condensed Income Statement a Duke Company Lord Dollars Percent Dollars $ % $ % % % % % % % $ % $