Vaughn Company 2022 2021 Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors: All data are as of December 31, 2022, and December 31, 2021 Mary Company 2021 2022 Net sales $1,842.000 $561.000 Cost of goods sold 1040,730 297,330 Operating expenses 268.932 77,979 Interest expense 9.210 3.927 Income tax expense 53.418 6.732 Current assets 323.500 $314,800 83.200 $78.600 Plant assets (net) 520.500 501.500 138,300 125,400 Current liabilities 64,000 Long-term labdities Common stock. $10 par 109,000 497.500 Retained earnings 173.500 153000 74,800 91.000 30.600 497,500 117,000 117,000 34.200 34.000 28.600 24,200 39.900 (a) Your answer is correct Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company (Round percentages to 1 decimal place, eg 12.1%) Condensed Income Statement For the Year Ended December 31, 2022 Vaughn Company Dollars 1842000 Mary Company Percent Dollars Percent 100 % 561000 100