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 % 3,300,000 TO, 100,00 $ 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 $ 18,100,000 $ 14,800,000 13,466,400 6,586,000 4,633,600 8,214,000 1,411,800 1,036,000 832,600 832,600 72,400 1,321,300 251,600 995,500 6,093,800 307,700 1,805,600 $ 687,800 $ 4,288,200