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 Current Previous Dollars Percentage Net Sales Cost of Goods Sold Gross Profit Selling,General, and Administrative Expenses Income from Operations Interest Expense Income before Income Tax ncome Tax Expense Net Income S 103,000 $ 76500 59,50045,750 50 43,500 30,7 8,400 4,200 35,1001 26,550 4,050 22.500 6,750 22,36515,750 3,150 31,950 22 9,585