k. Ch 12 i Sports 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 Sports Emporium's two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2021 Sporting Goods Sports Apparel Amount % Amount % Net sales $ 1,675,000 100.0 $ 920,000 100.0 Cost of goods sold 990,000 500,000 Gross profit 685,000 420,000 Operating expenses 400,000 290,000 Operating income 285,000 130,000 Other income (expense) 17,500 (12,500) Income before tax 302,500 117 500 Income tax expense 75,000 65,000 Net income $ 227,500 $ 52,500