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 % Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income Statement For the Years Ended December 31 2022 Amount % $ 17,900,000 $ 13,532,400 4,367,600 1,360,400 787,600 35,800 1,270,900 912,900 268,500 $ 644,400 $ 2021 Amount 14,600,000 6,467,800 8,132,200 992,800 817,600 219,000 6,102,800 1,752,000 4,350,800 Income tax expense Net income