The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount % 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 Year 2022 2021 $ 19,300,000 $ 16,000,000 12,969,600 7,312,000 6,330,400 8,688,000 1,737,000 1,312,000 1,119,400 1,119,400 308,800 1,640,500 384,000 1,524,700 5,872,600 559,700 2,144,000 $ 965,000 $ 3,728,600