value: 5.00 points Problem 12-1A Perform vertical analysis (LO12-1) Sports Emporium has two operating segments: sporting goods and sports apparel. The income statement for each operating segment is presented below Required 1. Complete the "%" columns to be used in a vertical analysis of Sports Emporium's two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) SPORTS EMPORIUM Income Statement For the Year Ended December 31, 2018 Sporting Goods Sports Apparel Amount Amount $ 1,925,000 1,090,000 835,000 500,000 335,000 22,500 357,500 85,000 $ 272,500 S 1,020,000 465,000 555,000 390,000 165,000 (17,500) 147,500 75,000 $ 72,500 Net sales Cost of goods sold Gross proft Operating expenses Operating income Other income (expense) Income before tax Income tax expense Net income 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment has a higher net income as a percentage of net sales? Sporting Goods Sports Apparel