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 19,000,000 $ 13,110,000 5,890,000 1,653,000 1,045,000 247,000 1,558,000 1,387,000 494,000 893,000 $ 2024 15,700,000 7,127,800 8,572,200 1,240,300 1,045,000 329,700 5,957,200 2,056,700 3,900,500 Increase (Decrease) Amount %