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 % nces 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 FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year 2022 2021 $ 19,000,000 $ 15,700,000 13,110,000 7,127,800 5,890,000 8,572,200 1,653,000 1.240,300 1,045,000 1.045,000 247.000 1.558,000 329,700 1,387,000 5,957,200 494,000 2,056,700 $ 893,000 $ 3,900,500