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 ( 8 01:11:44 Income Statements For the Years Ended December 31 Change in Dollars Percentage Net Sales Cost of Goods Sold Current $ 112,000 64,000 48,000 Previous $ 81,000 48,000 33,000 Gross Profit 6,600 3.300 Selling, General, and Administrative Expenses Income from Operations Interest Expense Income before Income Tax Income Tax Expense 41,400 3,600 37,800 11,340 26,460 29,700 4,950 24,750 7,425 17,325 Net Income | $ $