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Game-On Sports operates in two distinct segments: athletic equipment and accessories. The income statement for each operating segment is presented below. Required: 1. Complete the
Game-On Sports operates in two distinct segments: athletic equipment and accessories. The income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Game-On Sports two operating segments. Express each amount as a percentage of sales. (Round your percentage answers to 1 decimal place.) GAME-ON SPORTS Income Statement Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) For the Year Ended December 31, 2021 Athletic Equipment Accessories Amount % Amount % $ 2,850,000 $ 3,300,000 1,270,000 1,630,000 1,580,000 1,670,000 670,000 720,000 910,000 950,000 76,000 (11,000) 986,000 939,000 227,000 202,000 759,000 $ 737,000 Income before tax Income tax expense Net income
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