So I'm trying to figure out these last questions for my assignment...can you please help me with these?

a.)The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. 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	$18,200,000		$14,900,000
Cost of goods sold	13,431,600		6,645,400
Gross profit	4,768,400		8,254,600
Operating expenses	1,437,800		1,057,900
Depreciation expense	855,400		879,100
Inventory write-down	91,000		0
Loss (litigation)	1,346,800		268,200
Income before tax	1,037,400		6,049,400
Income tax expense	327,600		1,832,700
Net income	$709,800		$4,216,700

b.) The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 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)
	2025	2024	Amount	%
Net sales	$18,300,000	$15,000,000
Cost of goods sold	13,395,600	6,705,000
Gross profit	4,904,400	8,295,000
Operating expenses	1,464,000	1,080,000
Depreciation expense	878,400	878,400
Inventory write-down	109,800
Loss (litigation)	1,372,500	360,000
Income before tax	1,079,700	5,976,600
Income tax expense	347,700	1,860,000
Net income	$732,000	$4,116,600

c.) The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.

Required: 1. Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)

FEDERER SPORTS APPAREL
Balance Sheet
December 31
	2025		2024
	Amount	%	Amount	%
Assets
Cash	$2,200,000		$800,000
Accounts receivable	1,237,500		990,000
Inventory	3,112,500		1,660,000
Buildings	7,150,000		7,150,000
Less: Accumulated depreciation	(1,200,000)		(600,000)
Total assets	$12,500,000		$10,000,000
Liabilities and Stockholders' Equity
Accounts payable	$1,512,500		$1,250,000
Contingent liability	850,000		800,000
Common stock	5,050,000		5,050,000
Retained earnings	5,087,500		2,900,000
Total liabilities and stockholders equity	$12,500,000		$10,000,000