Exercise $12-2($Algo$)$ Prepare vertical analysis $($LO$12-1)$

The income statements for Federer Sports Apparel for $2025$ and $2024$ are presented below.

Required:

Prepare a vertical analysis of the data for $2025$ and $2024.($Round your percentage answers to $1$ decimal place.$)$

$\backslash$table$[[$FEDERER SPORTS APPAREL$],[$Income Statement$],[$For the Years Ended December $31],[,2025,,2024],[,,$Amount,$\%,,$Amount,$\%],[$Net sales,$$,17,800,000,,,14,500,000,],[$Cost of goods sold,,$13,563,600,,,6,409,000,],[$Gross profit,,$4,236,400,,,8,091,000,],[$Operating expenses,,$1,335,000,,,971,500,],[$Depreciation expense,,$765,400,,,797,500,],[$Inventory write$-$down,,$17,800,,,0,],[$Loss $($litigation$),,1,246,000,,,203,000,],[$Income before tax,,$872,200,,,6,119,000,],[$Income tax expense,,$249,200,,,1,725,500,],[$Net income,$$,623,000,,9,4,393,500,]]$