The income statements for Federer Sports Apparel for 2019 and 2018 are presented below. Required: Prepare a vertical analysis of the data for 2019 and 2018. (Round your answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2019 2018 Amount % Amount S 18,500,000 S 15,200,000 13,320,000 6,824,800 5,180,000 8,375,200 1,517,000 1,124,800 925,000 942,400 148,000 1,424,500 334,400 1,165,500 5,973,600 388,500 1,915,200 S 777,000 $ 4,058,400