Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.) 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 LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Current $ 195,000 96,000 99,000 14,700 84,300 4,900 79,400 23,820 $ 55,580 % % % % $ % % % % % $ Previous 132,000 73,500 58,500 8,300 50,200 6,600 43,600 13,080 30,520 % % % % % % % % %

Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.)