The Russell Department Stores, Inc. chief executive officer (CEO) has asked you to compare the company's profit performance and financial position with the averages for the industry. The CEO has given you the company's income statement and balance sheet as well as the industry average data for retailers. (Click the icon to view the income statement.) 5 (Click the icon to view the balance sheet.) Read the requirements, - X Data Table Requirement 1. Prepare a vertical analysis for Russell for both its income statement and balance sheet. Begin by preparing a vertical analysis for Russell for its income statement. (Round the percent of total amounts to one decimal place, X.X%.) Data Table Russell Department Stores, Inc. Income Statement Year Ended December 31, 2018 Amount Percent of Total Russell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2018 Industry Russell Average Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Russell Average Net Sales Revenue $ % 783,000 530,091 Cost of Goods Sold % $ 330,260 70.9 % Net Sales Revenue $ % 252,909 159,732 783,000 530,091 Current Assets Property, Plant, and Equipment, Net Intangible Assets, Net 100.0 % 65.8 23.6 Gross Profit Operating Expenses Operating Income Cost of Goods Sold % % 125,440 11,270 23,030 0.8 Gross Profit 93,177 252,909 159,732 34.2 19.7 4.7 Other Assets 5,481 Other Expenses % $ 490,000 100.0 % Operating Expenses Operating Income $ 87,696 Total Assets Net Income % 93,177 5,481 14.5 0.4 Other Expenses Current Liabilities $ $ 87,696 14.1 % 226,870 107,800 48.1 % 16.6 Net Income Requirements Long-term Liabilities Total Liabilities 334,670 155,330 64.7 35.3 Stockholders' Equity Print Done 1. Prepare a vertical analysis for Russell for both its income statement and balance sheet 2. Compare the company's profit performance and financial position with the average for the industry 490,000 100.0 % Total Liabilities and Stockholders' Equity Print Done Print Done Enter any number in the edit fields and thell