Question 1 of 3 > 31, 2022, and December 31, 2021. Bonita Company Linda Company 2022 2021 2022 2021 Net sales $1,836,000 $561,000 Cost of goods sold 1,029.996 297,330 269.892 79,662 Operating expenses Interest expense Income tax expense 9.180 4,488 53,244 6.171 Current assets 326,500 $310,300 83,200 $78,000 Plant assets (net) 519,000 499,100 139,200 125.700 Current liabilities 65.000 75.600 36.200 29.600 Long-term liabilities 107,600 89,800 28,800 24.400 Common stock, $10 par 505.000 505.000 116.000 116,000 Retained earnings 167.900 139.000 41.400 33.700 Question 1 of 3 - / 35 SE Bonita Company Dollars Percent Dollars Net Sales 1826000 10095 Coat of Goods Sald 1029996 561 9 Cross Profit Operating Expenses Income From Operations Other Expenses and Love Interest Exp income for Income Taxes Income Tax Ex Como e Textbook and Medle Attempts of 3 used SA Last 20 days Skibe autobited on the auto submission cantat 10 minutes ng pacurers 15 correctionate attent Here are comparative financial statement data for Bonita Company and Linda Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bonita Company 2022 2021 Linda Company 2022 2021 $561,000 $1,836,000 1,029,996 297,330 Net sales Cost of goods sold Operating expenses Interest expense 269,892 79.662 9.180 4,488 Income tax expense 53,244 6,171 326,500 $310,300 83.200 $78.000 519,000 499.100 139.200 125.700 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. 510 par 65,000 75.600 36.200 29,600 107,600 89.800 28,800 24,400 505.000 505.000 116.000 116.000 167.900 Retained earnings 139.000 41.400 33.700 Prepare a vertical analysis of the 2022 income statement data for Bonita Company and Linda Company. (Round percentages to 1 decimal place, s. 12.1%) Condensed Income Statement For the Year Ended December 31, 2022 Bonita Company Percent Dollars Dollars Net Sales 1836000 100 % $ Cost of Goods Sold 1029996 561 Gross Profit Operating Expenses 96 Income From Operations 9 Other Expenses and Less Interest Expense Income before income Tax Income Tax Expense Net Income LOS $