Using the following income statements, perform the calculations needed for vertical analyses

LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Current Net Sales 100,000 58,000 Cost of Goods Sold Gross Profit 42,000 Selling, General, and Administrative Expenses 9,000 33,000 Income from Operations Interest Expense 3,000 30,000 Income before Income Tax Income Tax Expense 9,000 21,000 Net Income Previous 75,000 45,000 30,000 4,500 25,500 3,750 21,750 6,525 15,225