Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) Increase (Decrease) Amount % Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write down Loss Migation) Income before tax Income tax expense Net Income FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 19,300,000 $ 16,000,000 12,969,600 7.312,000 6,330,400 8,688.000 1,737,000 1,312,000 1.119,400 1,119,400 308,800 1,640,500 384,000 1,524 700 5,872,600 559.700 2,144,000 $ 965,000 $ 3,728,600