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 or sales. (Round your answers to 1 decimal place.) SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2018 Sporting Goods Sports Apparel Amount Net sales $ 1,850,000 1,060,000 790,000 470,000 320,000 21,000 341,000 82,000 $ 259.000 S 990,000 450,000 540,000 360,000 180,000 (16,000) 164,000 72,000 92.000 Cost of goods sold Gross profit Operating expenses Operating income Other income (expense) 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 Goods