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 % $ $ Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Amount 19,500,000 12,870,000 6,630,000 1,794,000 1,170,000 351,000 1,696,500 1,618,500 16,200,000 7,435,800 8,764,200 1,360,800 1,166,400 0 275,400 5,961,600 2,203,200 3,758,400 Income tax expense 604,500 1,014,000 Net income $ $