M13-1 Calculations for Horizontal Analyses [LO 13-21 Using the following Income statements, perform the calculations needed for horizontal analyses. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) points Skipped LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 eBook Change in Dollars Percentage Print Current $ 100,000 58.000 42.000 9.000 Reference: Net Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Income from Operations Interest Expense Income before Income Tax Income Tax Expense Net Income Previous $ 75,000 45.000 30.000 4.500 25,500 3.750 21.750 8525 $ 15.225 3.000 30,000 9.000 o onol 21.000 $