The income statements for Federer Sports Apparel for $2025$ and $2024$ are presented below.

Required:

Prepare a vertical analysis of the data for $2025$ and $2024.($Round your percentage answers to $1$ decimal place.$)$

FEDERER SPORTS APPAREL

Income Statement

For the Years Ended December $31$

$20252024$

Amount $\%$ Amount $\%$

Net sales $$19,200,000$ $$15,900,000$

Cost of goods sold $13,017,6007,250,400$

Gross profit $6,182,4008,649,600$

Operating expenses $1,708,8001,287,900$

Depreciation expense $1,094,4001,097,100$

Inventory write$-$down $288,0000$

Loss $($litigation$)1,612,800365,700$

Income before tax $1,478,4005,898,900$

Income tax expense $537,6002,114,700$

Net income $$940,800$ $$3,784,200$