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. (Round your answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2021 Sporting Goods Sports Apparel Amount % Amount % $ 1,750,000 $ 950,000 1,020,000 430,000 730,000 520,000 430,000 320,000 300,000 200,000 19,000 (14,000) 319,000 186,000 78,000 68,000 241,000 $ 118,000 Income before tax Income tax expense Net income 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 O Sporting Goods