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 Net Sales $ 145.000 % Cost of Goods Sold 76.000 Gross Profit M69.000 Selling, General, and Administrative Expenses 11.700 Income from Operations 157 300 N Interest Expense 3.900 income before Income Tax 53.400 Income Tax Expense 16.020 37,380 ? Net Income Previous $ 102.000 58,500|| 43,500 6.300 37.200 5.100 32.100 9.630 $ 22.470|