Using the following income statements, perform the calculations needed for vertical analyses (Round percentoge values to 1 decimal place.) LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Current Previous %| $ 87,000 51,000 36,000 5,300 30,700 4,350 26,350 7,905 |% | $ 18445 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 $ 120,000 66,000 54,000 10,200 43,800 3,400 40,400 12,120 S 28,280