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.) SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2021 Sporting Goods Sports Apparel Amount % Amount % Net sales Cost of goods sold Gross profit $ 1,650,000 100.0 $ 910,000 100.0 980,000 490,000 670,000 420,000 Operating expenses 390,000 280,000 Operating income 280,000 140,000 Other income (expense) 17,000 (12,000) Income before tax 297,000 128,000 Income tax expense Net income $ 74,000 223,000 64,000 $ 64,000 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? O Sports Apparel Sporting Goods