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 decim FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount 2021 Amount 14,500,000 6,409,000 8,091,000 971,500 797,500 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 17,800,000 13,563,600 4,236,400 1,335,000 765,400 17,800 1,246,000 872,200 249,200 623,000 203,000 6.119,000 1.725,500 4,393,500 $ $