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 FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 17,800,000 $ 14,500,000 13,563,600 6,409,000 4,236,400 8,091,000 1,335,000 971,500 765,400 765,400 17,800 1,246,000 203,000 872,200 6,151,100 249,200 1,725,500 $ 623,000 $ 4,425,600 Income tax expense Net income