M13-2 Calculations for Vertical Analyses [LO 13-3) ge values to 1 decim Using the following income statements, perform the calculations needed for vertical analyses. (Round percenta place.) LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Previous Current |% | $ 114,000 64,500 49,500 7,100 42,400 5,700 36,700 11,010 %|$ 25,690 S 165,000 84,000 81,000 12,900 68,100 4,300 63,800 19,140 $ 44,660 Net Sales Cost of Goods Sold Gross Proft Selling. General, and Administrative Expenses ncome from Operations interest Expense Income before Income Tax Income Tax Expense Net Income