2.50 points Problem 12-1A Perform vertical analysis (L012-1) Sports Emporium has two operating segments sporting goods and sports apparet. The income statement for each operating segment is presented below. Required: 1. Complete the "Wcolumns to be used in a vertical analysis of Sports Emporium's two operating segments. Express each amount as a percentage of sales. Round your answers to 1 decimal place) SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2018 Sporting Goods Sports Apparel Amount Amount Notas 5 1.800,000 1,800,0000 $ $70,000 Cost of goods sold 1,040,000 960,0000 440,000 Gross proft 780.000 6400000 530,000 Operating expenses 450,000 370.0000 340.000 Operating income 310,000 270,0000 190,000 Other income (expense) 20.000 16,0000 (15.000) Income before taux 330.000 2060000 175.000 income tax expen 80,000 72.000.0 70,000 5 Net income 250.000 214.000 os 105.000 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment has a higher et incomo as a percentage of net sales? O sporting Goods Sports Apparel