Problem 9-1 (Part Level Submission) Here are comparative statement data for Wildhorse Company and Sandhill Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Wildhorse Company Sandhill Company 2017 2016 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense $1,892,000 1,075,000 260,000 8,200 65,300 2017 $580,000 298,000 87,000 2,200 29,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 498,742$477,987 127,504 121,585 806,004 765,000 213,784 192,492 101,477 115,997 174,405 137,700 54,082 45,319 46,330 38,250 Common stock, $10 par Retained earnings 765,000 765,000 183,600 183,600 263,864 224,290 58,287 45,897 (a) Prepare a vertical analysis of the 2017 income statement data for Wildhorse Company and Sandhill Company. (Round all ratios to 1 decimal place, e.g. 2.5%.)