MEWORK Seved The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a horizontal 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 STORTS APPAREL Incamo Sutomor For The Years Ended December 31 Increase (Decreaso) Amount $ Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss Citigation) Income before tax Income tax exponse Not income 2022 18,600,000 $ 13,280,400 5,319,600 1,543,800 948,600 167 400 1,450,000 1 209,000 409,200 799,800 $ 2021 15,300,000 6,885,000 8,415,000 1.147.500 948,600 321,300 5,997 600 1,943,100 4,054,500 $