(Round perc Using the following income statements, perform the calculations needed for place.) vertical analyses. LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Current Previous Net Sales Cost of Goods Sold Gross Profit $ 165,000 %| $ 114,000 64,500 49,500 7,100 42,400 5,700 36,700 11,010 % S 25.690 84,000 81,000 Selling. General, and Administrative Expenses 12,900 68,100 4,300 63,800 19,140 S 44,660 Income from Operations Interest Expense Income before Income Tax Income Tax Expense Net Income