The income statements for Federer Sports Apparel for 2022 and 2021 are 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 % 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 Year 2022 2021 $ 19,200,000 $ 15,900,000 13,017,600 7,250,400 6,182,400 8,649,600 1,708,800 1,287,900 1,094,400 1,094,400 288,000 1,612,800 365,700 1,478,400 5,901,600 537,600 2,114,700 $ 940,800 $ 3,786,900