Required: 1. Complete the "%" columns to be used in a vertical analysis of Fishing 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 this question by entering your answers in the tabs below. Required 1 Required 2 Complete the "%" columns to be used in a vertical analysis of Fishing Emporium's two operating segments. Express each amount as a percentage of sales. (Round your answers to 1 decimal place.) FISHING EMPORIUM Income Statement For the Year Ended December 31, 2024 Sporting Goods Sports Apparel Amount % Amount Net sales Cost of goods sold $ 1,575,000 $ 880,000 950,000 460,000 Gross profit 625,000 420,000 Operating expenses 360,000 250,000 Operating income 265,000 170,000 Other income (expense) 15,500 (10,500) Income before tax 280,500 159,500 Income tax expense 71,000 61,000 Net income $ 209,500 $ 98,500 Fishing 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 Fishing 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 this question by entering your answers in the tabs below. Required 1 Required 2 Which segment is more profitable? Which segment is more profitable?