2019 CALCULATOR PRINTER VERSION Problem 18-01A a, b1 (Part Level Submission) Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Duke Company Lord Company 2020 2020 2019 Net sales $1,884,000 $561,000 Cost of goods sold 1,060,692 296,208 Operating expenses 261,876 79,662 Interest expense 9,420 4,488 Income tax expense 52,752 6,732 Current assets 321,000 $312,400 83,200 $79,500 Plant assets (net) 521,100 497,600 139,200 123,300 Current liabilities 65,800 74,400 35,800 31,800 Long-term liabilities 108,600 91,200 30,000 24,400 Common stock, $10 503,500 503,500 123,000 123,000 par 164,200 Retained earnings 140,900 33,600 23,600 Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%) Condensed Income Statement ES (a) Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to Condensed Income Statement ) Lord Company Duke Company Dollars Percent Dollars Percent % $ % % % % -1 % % % % - % % - % 96 - % % Assignment RCES Condensed Income Statement Duke Company Lord Company Dollars Percent Dollars Percent on % % % % dy % % % % % % % % % % % % % %