Problem 14-1A 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 20202019 $1,896,000 1,020,048 2020 2019 Net sales $561,000 297,330 79,662 3,927 6,171 Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 257,856 7,584 54,984 322,500 $310,000 83,500 $78,000 520,800 500,300 139,800 123,000 64,200 75,600 34,400 29,600 108,400 90,400 28,400 26,000 498,000 498,000 122,500 122,500 172,700 146,300 38,000 22,900 par Retained earnings