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Problem 12-1A (Algo) Perform vertical analysis (LO12-1) Golf 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 Golf Emporium's two operating segments. Express each amount as a percentage of sales. 2. Use vertical analysis to compare the profitability of the two operating segments. Which segment is more profitable? Complete the "%" columns to be used in a vertical analysis of Golf Emporium's two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) GOLF EMPORIUM Income Statement For the Year Ended December 31, 2024 Sporting Goods Sports Apparel Amount % Amount Net sales $ 1,850,000 $ 990,000 Cost of goods sold 1,060,000 450,000 Gross profit 790,000 540,000 Operating expenses 470,000 360,000 Operating income 320,000 180,000 Other incomo (expense) 21,000 (16,000) Income before tax 341,000 164,000 Income tax expense 82,000 72,000 $ 259,000 $ 92.000 Net Income Required: Required 2 >