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 Amount % $ 18,400,000 $ 13,358,400 5,041,600 1,490,400 901,600 128,800 1,398,400 1,122,400 368,000 $ 754,400 $ 2021 Amount 15,100,000 6,764,800 8,335,200 1,102,300 921,100 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 347,300 5,964,500 1,887,500 4,077,000