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

and

Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable?

• Apparel

• Equipment

1. 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, 2021 Equipment Apparel Amount % Amount - Sales $ 1,700,000 $ 2,850,000 Cost of goods sold 1,100,000 1,400,000 Gross profit 600,000 1,450,000 Operating expenses 250,000 500,000 Operating income 350,000 950,000 Other income (expense) 25,000 (60,000) Income before tax 375,000 890,000 Income tax expense 90,000 280,000 Net income $ 285,000 $ 610,000