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 soos Cost of goods sold Gross profit Operating expenses Operating incomo Other income (expense) Income before tak income tax expense Net Income SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2021 Sporting Goods Sports Apparel Amount % Amount $ 1,800,000 $ 970.000 1,040,000 440,000 760,000 530,000 450,000 340,000 310,000 190,000 20,000 (15,000) 330,000 175,000 80,000 70,000 $ 250,000 $ 105,000 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? Sporting Goods Sports Apparel