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 - % % Net sales $ $ Cost of goods sold Gross profit Amount 18,100,000 13,466,400 4,633,600 1,411,800 832,600 Amount 14,800,000 6,586,000 8,214,000 1,036,000 Operating expenses Depreciation expense 858,400 Inventory write-down 72,400 0 Loss (litigation) Income before tax 1,321,300 995,500 307,700 687,800 251,600 6,068,000 1,805,600 4,262,400 Income tax expense Net income $ $