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 15,800,000 7,189,000 8,611,000 1,264,000 1,074,400 19,100,000 13,064,400 6,035,600 1,680,800 1,069,600 267,400 1,585,300 1,432,500 515,700 916,800 0 347,600 Income tax expense 5,925,000 2,085,600 3,839,400 Net income $ $