Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 2024 Amount % Amount % Net sales $ 19,300,000 $ 16,000,000 Cost of goods sold 12,969,600 7,312,000 Gross profit 6,330,400 8,688,000 Operating expenses 1,737,000 1,312,000 Depreciation expense 1,119,400 1,120,000 Inventory write-down 308,800 0 Loss (litigation) 1,640,500 384,000 Income before tax 1,524,700 5,872,000 Income tax expense 559,700 2,144,000 Net income $ 965,000 $ 3,728,000 CI