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 2019 2019 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings 2020 $1,908,000 999,792 257,580 7,632 55,332 327,500 520,800 64,800 108,000 $561,000 296,769 78,540 4,488 6,171 82,900 138,300 36,400 30,200 $314,800 498,500 75,000 89,400 $78,300 123,300 31,800 24,600 504,500 504,500 124,000 124,000 171,000 144,400 30,600 21,200 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 For the Year Ended December 31, 2020 Duke Company Dollars Percent Dollars Net Sales V $ 1,908,000 100 % $ Cost of Goods Sold 999,792 % Gross Profit % Operating Expenses % Income From Operations V % Other Expenses and Losses V Interest Expense V % Income Before Income Taxes % Income Tax Expense % Net Income /(Loss) $ % $ Condensed Income Statement For the Year Ended December 31, 2020 Duke Company Lord Company Dollars Percent Dollars Percent 1,908,000 100 % $ 561,000 100 % 999,792 % % % % % % % % % % % % % % % $ % Toutbool and Media 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 Duke Company Dollars Percent Lord Company Dollars Percent % $ % % % . % % % % % % % % % % % % % $ %