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 $ 2,025,000 $ 1,060,000 Cost of goods sold 1,130,000 485,000 Gross profit 895,000 575,000 Operating expenses 540,000 430,000 Operating income 355,000 145,000 Other income (expense) (19,500) 24,500 Income before tax 379,500 125,500 Income tax expense 89,000 79,000 290,500 $ 46,500 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 Sporting Goods