Exercise 12-2A Prepare vertical analysis (LO12-1) 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.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 2021 % Amount % Net sales $ $ Amount 18,200,000 13,431,600 4,768,400 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigatio Income before tax 14,900,000 6,645,400 8,254,600 1,057,900 879,100 1,437,800 855,400 91,000 0 26: 1,346,800 1,037,400 Income tax expense 6,049,400 1,832,700 4,216,700 327,600 709,800 Net income $ $ $