what is the purpose of statement cash flow

M13-1 Calculations for Horizontal Analyses [LO 13-2] 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 115,000 82,500 65,500 48,750 49.500 33,750 3,000 3,50030,750 5,250 9,750 25,500 7,650 S 27,825 S 17,850 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 6,000 3,750 11,925