\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ FEDERER SPORTS APPAREL } \\ \hline \multicolumn{7}{|c|}{ Income Statement } \\ \hline \multicolumn{7}{|c|}{ For the Years Ended December 31} \\ \hline & \multicolumn{3}{|c|}{2025} & \multicolumn{3}{|c|}{2024} \\ \hline & & Amount & % & & mount & % \\ \hline Net sales & $ & 19,400,000 & & $ & 16,100,000 & \\ \hline Cost of goods sold & & 12,920,400 & & & 7,373,800 & \\ \hline Gross profit & & 6,479,600 & & & 8,726,200 & \\ \hline Operating expenses & & 1,765,400 & & & 1,336,300 & \\ \hline Depreciation expense & & 1,144,600 & & & 1,143,100 & \\ \hline Inventory write-down & & 329,800 & & & 0 & \\ \hline Loss (litigation) & & 1,668,400 & & & 289,800 & \\ \hline Income before tax & & 1,571,400 & & & 5,957,000 & \\ \hline Income tax expense & & 582,000 & & & 2,173,500 & \\ \hline Net income & $ & 989,400 & & $ & 3,783,500 & \\ \hline \end{tabular} Exercise 12-2 (Algo) Prepare vertical analysis (LO12-1) 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.)