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,$ $18,700,000,,$$ $15,400,000,],[$Cost of goods sold,$13,239,600,,6,945,400,],[$Gross profit,$5,460,400,,8,454,600,],[$Operating expenses,$1,570,800,,1,170,400,],[$Depreciation expense,$972,400,,985,600,],[$Inventory write$-$down,$187,000,,0,],[$Loss $($litigation$),1,477,300,,308,000,],[$Income before tax,$1,252,900,,5,990,600,],[$Income tax expense,$430,100,,1,971,200,],[$Net income,$ $822,800,,$$ $4,019,400,]]$