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 $ $ Amount 16,300,000 7.498,000 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write down Loss (litigation) Income before tax Amount 19,600,000 12.818.400 6.781,600 1,822,800 1.195,600 372,400 1,724.800 1,666,000 627.200 8,802,000 1,385,500 1,189,900 0 260,800 5,965,800 2,233, 100 Income tax expense Net income $ 1,038,800 $ 3,732,700