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 sig 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 SPORTY APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 18,000,000 $ 14,700,000 13,500,000 6,526,800 4,500,000 8,173,200 1,386,000 1,014,300 810,000 810,000 54,000 1,296,000 235,200 954,000 6,113,700 288.000 1,778,700 $ 666,000 $ 4,335,000