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 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 Current Previous $ 102,000 $ 76,000 Change in Dollars Percentage 59,000 45,500 43,000 30,500 % 8,600 4,300 % 34,400 26,200 % 3,100 3,950 31,300 22,250 9,390 6,675 % $ 21,910 $ 15,575 %