1 Exercise 12-2A Prepare vertical analysis (LO12-1) 2 points The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) eBook Hint 2021 % ASK FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount % $ 18.700,000 100.0 $ 13,239,600 5.460.400 1,570,800 972 400 187,000 1,477.300 1,252 900 430,100 $ 822,800 $ Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write down Loss (litigation) Income before tax Income tax expenso Net incomo References Amount 15,400,000 6.945.400 8,454,600 1.170.400 985,600 0 308,000 5.990,600 1,971,200 4,019400