Help Save & 2 Using the following income statements, perform the calculations needed for vertical analyses. (Round percentage values to 1 decimal place.) % Book Print LOCKEY FENCING CORPORATION Income Statements For the Year Ended December 31 Current Not Sales $ 185,000 Cost of Goods Sold 92,000 Gross Profit 93,000 Selling, General, and Administrative Expenses 14,100 Income from Operations 78.900 Interest Expense 4.700 Income before Income Tax 74.200 Income Tax Expense 22,260 Net Income $ 51,940 References Previous 5 126.000 70,500 55,500 7.900 47600 6,300 41,300 12,390 $ 28,910 %