The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.) 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 FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2025 $ $ Amount 19,700,000 12,765,600 6,934,400 1,851,800 1,221,400 394,000 1,753,300 1,713,900 650,100 1,063,800 % $ $ Amount 2024 16,400,000 7,560,400 8,839,600 1,410,400 1,213,600 0 246,000 5,969,600 2,263,200 3,706,400 %

The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a vertical analysis of the data for 2025 and 2024. (Round your percentage answers to 1 decimal place.)