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.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2019 2018 Amount Amount $ 18,100,000 13,466,400 4,633,600 1,411,800 832,600 72,400 1,321,300 995,500 307,700 $ 687,800 $14,800,000 6,586,000 8,214,000 1,036,000 858,400 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 251,600 6,068,000 1,805,600 $ 4,262,400