Problem 13-1A (Part Level Submission) Here are comparative statement data for Cullumber Company and Oriole Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Oriole Company 2017 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Cullumber Company 2017 2016 $1,873,000 1,062,000 254,000 7,200 $599,000 299,000 89,000 3,400 74,900 34,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 775,820 1,253,784 157,853 271,296 $743,536 1,190,000 180,440 214,200 198,340 332,553 84,128 70,496 $ 189,131 299,433 72,069 59,500 Common stock, $10 1,190,000 1,190,000 285,600 285,600 par Retained earnings 410,455 348,896 90,668 71,395 Prepare a vertical analysis of the 2017 income statement data for Cullumber Company and Oriole Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2017 Cullumber Company Oriole Company Dollars Dollars Percent Net Sales $1,873,000 % $599,000 1,062,000 299,000 811,000 % 300,000 254,000 % 89,000 557,000 % 211,000 7,200 3,400 549,800 207,600 74,900 34,000 $474,900 $173,600 Click if you would like to Show Work for this question: Open Show Work