CALCULATOR PRINTER VER Problem 13-1A (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 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense 2017 $1,899,000 1,062,000 259,000 6,900 69,600 Sandhill Company 2017 $578,000 297,000 88,000 2,500 29,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 518,300 837,612 105,457 181,244 $496,732 795,000 120,545 143,100 132,504 222,168 56,203 47,096 $126,353 200,041 48,147 39,750 Common stock, $10 par Retained earnings 795,000 274,211 795,000 233,086 190,800 60,573 190,800 47,697 Prepare a vertical analysis of the 2017 Income statement data for Wildhorse Company and Sandhill Company. (Round all ratios to I decimal place, e.g. 2.5%.) 1A (Part Condensed Income Statement For the Year Ended December 31, 2017 Wildhorse Company Sandhill Company Dollars Percent Dollars $1,899,000 $578,000 ts by 1,062,000 297,000 281,000 837,000 259,000 $ 88,000 578,000 193,000 6.900 2,500 571,100 190,500 69,600 29,000 $501,500 $161,500 Click if you would like to show Work for this question: Open Show Work