10 47 points ellook Hint Ask Print References The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024, (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ $ Amount 18,800,000 13,200,000 5,600,000 1,600,000 1,000,000 200,000 1,500,000 1,300,000 450,000 850,000 100.0 S 70 2 29.8 S Amount 2024 15,500,000 7,000,000 8,500,000 1,200,000 1,000,000 0 300.000 6,000,000 2,000,000 4,000,000 100.0 45.2