Exercise 12-2A Prepare vertical analysis (L012-1) The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) Sook int ences 100.0 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount $ 18.700,000 100,0 $ 13.239,800 14 5.480.400 1.570,000 972.400 187.000 1,477,300 1,252.900 430,100 $ 822.800 $ 2021 Amount 15,400.000 6.945.400 8,454,600 1,170,400 985,600 0 308,000 5,990,600 1,971,200 4,019,400