Problem 12-1A Perform vertical analysis (LO12-1) 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 Cost of goods sold Gross profit $ 1,625,000 $ 900,000 970,000 480,000 655,000 420,000 Operating expenses 380,000 270,000 Operating income 275,000 150,000 Other income (expense) 16,500 (11,500) Income before taxi 291,500 138,500 Income tax expense 73,000 63,000 Net income $ 218,500 $ 75,500