velue 2.50 points 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 $ 1,600,000 960,000 640,000 370,000 270,000 16,000 286,000 72,000 $ 214,000 $ 890,000 470,000 420,000 260,000 160,000 (11,000) 149,000 62,000 87,000 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