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.) Amount Amount 100.01 15,500,000 70.27,000,000 29.88,500,000 8.5 1,200,000 5.3 1,000,000 0 8.0 300,000 6.9 6,000,000 2,000,000 100.0 45.2 54.8 7.7 6.5 0.0 Net sales 18,800,000 13,200,000 5,600,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write- down Loss (litigation) 1 1,600,000 1,000,000 200,000 1,500,000 Income before1,300,000 tax Income tax expense Net income 38.7 450,000 $ 850,000 4,000,000