The Income statements for Federer Sports Apparel for 2022 end 2021 are presented below. 12.5 points Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL 02:472 Income Btatement For the Years Ended December 31 2022 2021 Amount Amount ellook Net sales Cost of goods sold 18,500,000 15,200,000 13,320,000 6,824,800 Gross profit Operating expenses Hint 5,180,000 8,375,200 1,517,000 1,124,800 Depreciation expense Inventory write-down 925,000 942,400 Print 148,000 Loss (itigation) Income before tax 1,424,500 334,400 5,973.600 1,165,500 388.500 References 1,915,200 4,068,400 Income tax expense Net income 777,000 Next >