Using the following income statements, perform the calculations needed for horizontal analyses. (Round your percentages to 1 decimal place. Negative values should be indicated by a minus sign. Omit the "$" and "%" signs in your response.)

LOCKEY FENCING CORPORATION Horizontal Analysis of Income Statements For the Years Ended December 31
					Change in
	2010		2009		Dollars		Percentage
Net sales	$	97,000	$	72,000	$			%
Cost of goods sold		58,000		44,000				%
Gross profit		39,000		28,000				%
Selling, general, and administrative expenses		8,000		4,000				%
Income from operations		31,000		24,000				%
Interest expense		2,950		3,750				%
Income before income tax		28,050		20,250				%
Income tax expense		8,415		6,075				%
Net income	$	19,635	$	14,175	$			%