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The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount % Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 19,500,000 $ 16,200,000 12,870,000 7,435,800 6,630,000 8,764,200 1,794,000 1,360,800 1,170,000 1,170,000 351,000 1,696,500 275,400 1,618,500 5,958,000 604,500 2,203,200 1,014,000 $ 3,754,800 Income tax expense Net income