Exercise 12-2A Prepare vertical analysis (L012-1) The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) Net sales Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loso (litigation) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount % $ 18,000,000 $ 13,500,000 4,500,000 1,386,000 810,000 54,000 1.296,000 2021 Amount 14.700.000 6,526,800 8,173,200 1,014,300 837,900 0 235,200 FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 2021 Amount Amount % % Net sales $ $ Cost of goods sold Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation Income before tax Income tax expense Not income 18,000,000 13,500,000 4,500,000 1,386,000 810,000 54,000 1,296,000 954,000 288,000 666,000 14,700,000 6,526,800 8,173,200 1,014,300 837,900 0 235,200 6,085,800 1.778,700 4,307,100 $ $