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.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase (Decrease) Amount % 2022 2021 $ Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax 19,600,000 $ 12,818,400 6,781,600 1,822,800 1,195,600 372,400 16,300,000 7,498,000 8,802,000 1,385,500 1,195,600 260,800 1,724,800 1,666,000 Income tax expense 627,200 5,960,100 2,233,100 3,727,000 Net income $ 1,038,800 $