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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

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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 decin FEDERER SPORTS APPAREL 2021 Amount $ Income Statement For the Years Ended December 31 2022 Amount $ 18,500,000 13,320,000 5,180,000 1,517.000 925,000 148,000 1,424,500 1,165,500 388 500 777.000 $ 15,200,000 6,824.800 8,375 200 1,124,800 942 400 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 0 334 400 5.973,600 1.915, 200 4,058,400 S

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