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 ! Sporting Goods Sports Apparel nt $ 920,000 500,000 420,000 290,000 130,000 (12,500) 117,500 65,000 Net sales 1,675,000 990,000 685,000 400,000 285,000 17,500 302,500 75,000 Cost of goods sold Gross proi Operating income Other income (expense) Income before tax Income tax Net income $227,500S 52,500m 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment has a higher net income as a percentage of net sales? Sports Apparel Sporting Goods References eBook & Resources Worksheet Problem 12-1A Perform vertical analysis (LO12-1)l Learning Obedve: 12-01 Perform vertical analyss. Check my work