PLEASE ANSWER THE PROBLEM BY GIVING ME FORMULAS FOR THE YELLOW CELLS!!!!!

1. Use vertical analysis to compare profitability Perform Vertical Analysis - Excel Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW 11AA Calibri Ee as Cell Paste BIA Clipboard G18 Cells Editing AAlignment Number Conditional Format Formatting" TableStyles- Font Styles Number c Athletics sells two distinct product lines: Apparel and Equipment The income statement for each product line appears 2 below LAKE ATHLETICS Income Statement For the Year Ended December 31.20X1 Apparel Equipment Percent 9 Net sa 10 Cost of goods so I1 Gross proit 12 Operating expenses 13 Operating income 14 15 Income bcfore tax 16 Income tax expense 17 Net income 18 19 Required: 20 1. Use appropriate Excel formulas to perform vertical analysis and complete the "Percent" columns 21 for both product lines above. Express each amount as a percentage of net sales. 22 Note: You should use absolute references in the divisors of all formulas 23 2. Use the Excel IF function and the completed vertical analysis above to answer each of the 24questions below: ncomc 26 27 28 Which product line has the highest gross profit %? Which product line has the highest net income %? 30 Sheet1