Problem 13-1A (Part Level Submission) Here are comparative statement data for Cullumber Company and Oriole Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016 Cullumber Company Oriole Company 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense 1,853,000 1,063,000 252,000 8,000 73,700 $535,000 279,000 84,000 2,200 34,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 498,742 $477,987 127,504 121,585 806,004 765,000 213,784 192,492 101,477115,99754,082 174,405 137,700 46,330 45,319 38,250 Common stock, $10 par Retained earnings 765,000 765,000 183,600 183,600 263,864 224,290 58,287 45,897 Prepare a vertical analysis of the 2017 income statement data for Cullumber Company and Oriole Company. (Round all ratios to 1 decimal place, e.g. 2.596.) Condensed Income Statement For the Year Ended December 31, 2017 Cullumber Company Oriole Company Dollars Percent Dollars % $535,000 % 279,000 % 256,000 84,000 % 172,000 Percent $1,853,000 1,063,000 790,000 252,000 538,000 2,200 % 169,800 34,000 % $135,800 8,000 530,000 73,700 $456,300