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.) 100.0 FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount 18,300,000 100.0 $ 13,395,600 4,904,400 1,464,000 878,400 109,800 1,372,500 1,079,700 347,700 732,000 2021 Amount 15,000,000 6,705,000 8,295,000 1,080,000 900,000 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 360,000 5,955,000 1,860,000 4,095,000