Russell Company's chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the leading company in the industry (Crowe Company). Income Statement Year Ended December 31, 2021 Russell Crowe Net Sales $ 7.800,000 $100,000,000 Cost of Goods Sold 4,680,000 65,800,000 Gross Profit 3,120,000 34,200,000 Expenses 2,269,800 20,100,000 Net Income 850.200 14,100,000 Included in Expenses is Interest Expenses of $264,000 for Russell, and $2,600,000 for Crowe, and Income Taxes of $213,000 for Russell and $3,525,000 for Crowe, Balance Sheet December 31, 2021 Russell Crowe Inventories $ 1,200,000 4,000,000 Other Current Assets 2,035,200 24,360,000 Non-Current Assets 1,564,800 11,640,000 Total Assets $ 4,800,000 40,000,000 Current Liabilities $ 2,217,600 19,240,000 Long-term Liabilities 1,084,800 6,640,000 Total Liabilities 3,302,400 25,880,000 Stockholders' Equity 1,497,600 14,120,000 Total Liabilities and Stockholders' Equity $ 4,800,000 40,000,000