Question 4 - e MOMT3180-17 e MOMT3180 MGMT3160 L. MANTIS Electrical on mework Ch 12 Help Save & Exit Submit Check my work 4 Exercise 12-3A Prepare horizontal analysis (LO12-2) 5 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.) Increase Decrease) Amount 0 Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory wide-down Loss (gation) Income before tax income tax expense Net income FEDERER SPORTS APPAREL Income Stement For the Years Ended December 31 Year 3022 2021 $ 18.900.000 S 15.500.000 13.154.400 7,065 800 5.745,600 8.533 200 1.625,400 1.216.300 1.020,000 1,020.000 226,800 1.530,900 312.000 1.341,900 5.963.800 472.500 2.028.000 $ 369.400 3955100 Hey Yes 1 1 N # 3 S 4 & 7 6 8 9 0 } W E R Y U 1 O P { [ AP A S D F G H K L