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 SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase (Decrease) 2022 2021 Amount % Net sales Cost of goods sold Gross profit $ 18,000,000 $ 14,700.000 13,500,000 6,526,800 4,500,000 8,173,200 Operating expenses 1,386,000 1,014,300 Depreciation expense 810,000 810,000 Inventory write-down 54,000 Loss (litigation) 1,296,000 235,200 Income before tax 954,000 6,113,700 Income tax expense 288,000 1,778,700 Net income $ 666,000 $ 4,335,000