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.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 2021 Amount % Amount Net sales Cost of goods sold Gross profit $ 17,900,000 $ 14,600.000 13,532,400 6,467,800 4,367,600 8,132,200 Operating expenses 1,360,400 992.800 Depreciation expense 787.600 817.000 Inventory write down 35,800 Loss (Migation) 1,270,900 219,000 Income before tax 912.900 6,102,800 Income tax expense 268.500 1,752,000 Net income $ 644,400 $ 4.350,800 Check my work