Chapter 12 Homework LO12-01; L012-03- Graded G Saved Exercise 12-2A Prepare vertical analysis (LO12-1) The income statements for Federer Sports Apparel for 2022 and 2021 are presented below Required 15 points SkippedPrepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 eBook Hint Ask Print References 2022 2021 Amount Amount $ 19,400,000 12,920,400 6,479,600 1,765,400 1.144.600 329,800 ,668,400 1,571,400 582,000 $ 989,400 S 16,100,000 7,373,800 8,726,200 1,336,300 1,143,100 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) 289,800 5,957,000 2,173,500 3,783,500 Income before tax Income tax expense Net income