Here are comparative statement data for Sheridan Company and Crane Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Sheridan Company Crane Company 2022 2021 2021 Net sales $1,874,000 Cost of goods sold 1,068,180 Operating expenses 266,108 Interest expense 7,496 Income tax expense 71,212 Current assets 488,963 $468,615 Plant assets (net) 790,200 750,000 Current liabilities 99,488 113,722 Long-term liabilities 170,985 135,000 Common stock, $10 par 750,000 750,000 Retained earnings 258,690 219,893 2022 $563,000 280,937 91,206 2,252 34,906 125,004 209,592 53,022 44,430 180,000 57,144 $ 119,201 188,718 45,422 37,500 180,000 44,997 Prepare a vertical analysis of the 2022 income statement data for Sheridan Company and Crane Company. (Round all ratios to 1 decimal place, e.g. 2.5%.) Condensed Income Statement For the Year Ended December 31, 2022 Sheridan Company Crane Company Dollars $1,874,000 % Other Revenues and Gains Other Expenses and Losses 1,068,180 % Dividends Income Tax Expense 805,820 % Total Operating Expenses Cost of Goods Sold 266,108 % Income Before Income Taxes Operating Expenses 539,712 % Net Sales Net Income / (Loss) Total Revenues Income From Operations 7,496 Retained Earnings, January 1 Sales Revenues 532,216 Interest Expense Gross Profit 71,212 Retained Earnings, December 31 $461,004 Percent Dollars $563,000 280,937 282,063 91,206 190,857 % 2,252 % 188,605 % 34,906 % $153,699 Percent % % % % % % % % %