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 $ 18,700,000 $ 15,400,000 Cost of goods sold 13,239,600 6,945,400 Gross profit 5,460,400 Operating expenses 1,570,800 Depreciation expense 972,400 8,454,600 1,170,400 985,600 Inventory write-down 187,000 Loss (litigation) 1,477,300 0 308,000 Income before tax 1,252,900 5,990,600 Income tax expense 430,100 1,971,2001 Net income $ 822,800 $ 4,019,400