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.) LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Change in Dollars Percentage Current Previous 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 $ 102,000 $ 76,000 45,500 30,500 4,300 26,200 3,950 22,250 6,675 $ 21,910$ 15,575 59,000 43,000 8,600 34,400 3,100 31,300 9,390