The income statements for Federer Sports Apparel for 2025 and 2024 are presented below. Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. Note: Decreases should be indicated with a minus sign. 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 Income Statement For the Years Ended December 31 Year $ FEDERER SPORTS APPAREL $ 2025 18,100,000 $ 13,466,400 4,633,600 1,411,800 832,600 72,400 1,321,300 995,500 307,700 687,800 2024 14,800,000 6,586,000 8,214,000 1,036,000 832,600 251,600 6,093,800 1,805,600 $ 4,288,200 Increase (Decrease) Amount %

Required: Prepare a horizontal analysis for 2025 using 2024 as the base year. Note: Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place