The income statements for Federer Sports Apparel for 2019 and 2018 are presented below Required Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAR Income Statement For the Years Ended December 31 Increase Decrease Year 2019 2018 Amount % Net sales 18,800,000 15,500,000 goods13,200,000 7,000,000 Gross prof 5,600,000 8,500,000 1,600,0001,200,000 1,000,0001,000,000 0 Loss (litigation 1,500,000300,000 Cost of sold Operating expenses Depreciation expense Inventory 200,000 down Incnme Hints References eBook & Resources Hint #1 Check my work