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.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase (Decrease) Amount % 2022 2021 Net sales $ $ 19,700,000 12,765,600 6,934,400 1,851,800 1,221,400 394,000 16,400,000 7,560,400 8,839,600 1,410,400 Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) 1,221,400 1,753,300 246,000 Income before tax Income tax expense Net income 1,713,900 650,100 1,063,800 5,961,800 2,263,200 3,698,600 $ $