The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) 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 2022 2021 Amount % Amount % $ 18,200,000 $ 14,900,000 13,431,600 6,645,400 4,768,400 8,254,600 1,437,800 1,057,900 855,400 879,100 91,000 0 1,346,800 268,200 1,037,400 6,049,400 327,600 1,832,700 69 $ 709,800 4,216,700