Here are comparative financial statement data for Cullumber Company and Marigold Company, two competitors. All data are as of December 31, 2025, and December 31, 2024. Cullumber Company Marigold Company 2025 2024 2025 2024 Net sales $1,853,000 $535,000 Cost of goods sold 1,063,000 279,000 Operating expenses 252,000 84,000 Interest expense 8,000 2.200 Income tax expense 73,700 34,000 Current assets 498,742 $477,987 127,504 $121,585 Plant assets (net) 806,004 765,000 213,784 192.492 Current liabilities 101.477 115.997 54,082 46.330 Long-term liabilities 174,405 137,700 45,319 38.250 Common stock. $10 par 765,000 765,000 183,600 183,600 Retained earnings 263,864 224,290 58,287 45.897 (a) Your answer is partially correct. Prepare 2025 income statements and a vertical analysis for Cullumber Company and Marigold Company. (Round percentage answers to 1 decimal place, e.g. 2.5%) Net Sales Cost of Goods Sold Gross Profit Dollars Condensed Income Statement For the Year Ended December 31, 2025 Cullumber Company 535,000 279,000 Percent 100 52 % 256,000 48 % Operating Expenses 84,000 16 % Interest Expense % -2200 041 % Income Before Income Taxes 1,698,00 Income Tax Expense Net Income/(Loss) 32 % 34000 6.36 % 135800 25 % Doll