Exercise 12-3A Prepare horizontal analysis (L012-2) The income statements for Federer Sports Apparel for 2022 and 2021 are presented below Required Prepare a hortzontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Increase (Decrease) Amount Nel sales Cost of goods sold Gross pro Operating expenses Depreciation expense Inventory write down Loss (to income before tax Income tax expense Nat income Income Statement For the Years Ended December 31 Year 2022 2021 S 18 900 000 $ 15.500.000 13.154.400 7066,000 5.745 600 8.533 200 1625/00 1216 800 1020.500 1020 600 226.000 1.530 900 312 000 1 341 900 5,983.000 472.500 2028 000 369.00 3955 800