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 2022: $19,400,000 2021: $16,100,000

Cost of goods sold 2022: 12,920,400 2021: 7,373,800

Gross profit 2022: 6,479,600 2021: 8,726,200

Operating expenses 2022: 1,765,400 2021: 1,336,300

Depreciation expense 2022:1,144,600 2021: 1,143,100

Inventory write-down 2022: 329,8000 2021:0

Loss (litigation) 2022:1,668,400 2021: 289,800

Income before tax 2022: 1,571,400 2021:5,957,000

Income tax expense 2022: 582,000 2021: 2,173,500

Net income 2022: $989,400 2021: $3,783,500

please help with steps