2 Exercise 12-3A Prepare horizontal analysis (LO12-2) 2 DO The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare o horizontal analysis for 2022 using 2021 as the bose year. (Decreates should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross pront Operating expenses Depreciation experte Inventory write-down Loss gabon Income before tax Income tax expense Not income Answer is complete but not entirely correct. FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase Decrease) 2022 2021 Amount $18.400.000 $15.100.000 $ 3.300.000 195 13.358.400 6.764.800 0,503.600 10 500.000 8335200 03.203.600) (25) 1.490.400 1.102.300 368.100 28 001.000 001.600 0 00 128.800 128 800 00 1398 400 347.300 1.051100 03 1 122.400 5.984.000 (4.661.000) (12) 368,000 1.887,500 (1,519,500) (12) $ 754,400 $ 4,096,500 $ (3,342.100) (12)