25 2013045 The Sports Warehouse operates in two distinct segments: equipment and apparel. The income statement for each operating is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express e amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of The Sports Warehouse's two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) THE SPORTS WAREHOUSE Income Statements For the Year Ended December 31, 2024 Equipment Amount Net sales Cost of goods sold Gross profit $ 3,175,000 1,400,000 Apparel % Amount % $ 3,625,000 1,695,000 1,775,000 1,930,000 Operating expenses 800,000 850,000 Operating income 975,000 Other income (expense) 82,500 1,080,000 (17,500) Income before taxi 1,057,500 1,062,500 Income tax expense 240,000 215,000 Net income $ 817,500 $ 847,500 Required 1 Required 2 >