Golf Emporium has two operating segments: sporting goods and sports apparel. The income statement for each operating segment is presented below. Required: 1. Complete the "%" columns to be used in a vertical analysis of Golf Emporium's two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of Golf Emporium's two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) GOLF EMPORIUM Income Statement For the Year Ended December 31, 2024 Sporting Goods Sports Apparel Amount % Amount % Net sales Cost of goods sold $ 2,000,000 $ 1,050,000 1,120,000 480,000 Gross profit 880,000 570,000 Operating expenses 530,000 420,000 Operating income 350,000 150,000 Other income (expense) 24,000 (19,000) Income before tax 374,000 131,000 Income tax expense 88,000 78,000 Net income $ 286,000 $ 53,000 Prev 1 of 4 Next >