map/index.html?_con-con&external_browser=0&launchon- Saved e Homework (not graded) Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase (Decrease) 2022 2021 Amount $ 18,800,000 $ 15,500,000 $ 3,300,000 13,200,000 7,000,000 6,200,000 5,600,000 8,500,000 (2,900,000) 1,600,000 1,200,000 400,000 1,000,000 1,000,000 0 200,000 200,000 1,500,000 300,000 1,300,000 6,000,000 450,000 2,000,000 $ 850,000 $ 4,000,000 ca Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax Income tax expense Net income Tri V V Re Ire