Southern Utah Un... G Google D (2) .. niddle.. 07 193 2003. Google Google Register Your Ace Online Shop for N. Homework Ch 12 i Saved Help Save & Exit Check my 3 Exercise 12-3A Prepare horizontal analysis (L012-2) The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. 2.5 points 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.) eBook 000 Hint Increase (Decrease) Amount Print Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 18,900,000 $ 15,600,000 13,154,400 7,066,800 5.745,600 8,533,200 1,625,400 1,216,800 1,020,600 1,020,600 226,800 1,530,900 312,000 1,341,900 5.983,800 2,028,000 3,955,800 869,400 $ $ References 472.500 Next > 3 of 4 H