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 Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax 16,400,000 7,560,400 8,839,600 1,410,400 1,213,600 19,700,000 12,765,600 6,934,400 1,851,800 1,221,400 394,000 1,753,300 1,713,900 650,100 1,063,800 0 246,000 5,969,600 2,263,200 3,706,400 Income tax expense Net income $ $