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

Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.) LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Current Previous 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 $ 145,000 76,000 69,000 11,700 57,300 3,900 53,400 16,020 $ 37,380 % $ 102,000 58,500 43,500 6,300 37,200 5,100 32,100 9,630 % $ 22,470