Question 3 Here are comparative statement data for Sunland Company and Blossom Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016 Sunland Company Blossom Company 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense $1,934,000 1,069,000 266,000 8,500 74,600 $572,000 283,000 86,000 2,200 33,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 417,248 $399,885 106,670 101,718 161,039 38,760 32,000 674,304 640,000 178,852 45,245 37,914 84,896 97,043 145,907115,200 Common stock, $10 par 640,000 640,000 153,600 153,600 Retained earnings 220,749 187,642 48,763 38,397 Prepare a vertical analysis of the 2017 income statement data for Sunland Company and Blossom Company. (Round all ratios to 1 decimal place, e.g. 2.5o.) Condensed Income Statement For the Year Ended December 31, 2017 Sunland Company Blossom Company Dollars Dollars % $572,000 % 283,000 % 289,000 86,000 % 203,000 Percent Percent $1,934,000 1,069,000 865,000 266,000 99,000 8,500 590,500 74,600 $515,900 2,200 % 200,800 33,000 % $167,800 Compute the 2017 return on assets and the return on common stockholders' equity for both companies. (Round all ratios to 1 decimal place, e.g. 2.5%.) Sunland Company Blossom Company Return on assets Return on common stockholders' equity