The income statements for Federer Sports Apparel for 2022 and 2021 ore 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 Not 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 Yehr 2022 2021 $ 18,500,000 $ 15,200,000 13,320,000 6,824,800 5,180,000 8,375,200 1,517,000 1,124,800 925,000 925,000 148,000 1,424,500 334,400 1,165,500 5,991,000 388,500 1,915,200 $ 777,000 $ 4,075,800