Will someone please give me the correct answer to this question, because who eve

Question

Will someone please give me the correct answer to this question, because who ever it the first time all the answer was wrong. Using the following income statements, perform the calculations needed to vertical analyses. (Round percentage values to 1 decimal place.); Lockey Fencing Corporation; Income Statements; For the Years Ended December 31.; Current; Previous: Net Sales $105,000 Currennt, $78,000 Previous; Cost of Goods Sold 60,000 Current, 46,500 Previous; Gross Profit 45,000 Current, 31,500 Previous; Selling, General, and Administrative Expenses 9,300 Current, 4,700 Previoes; Income from Operations 35,700 Current, 26,800 Previous; Interest Expense 3,100 Current, 3,900 Previous; Income before Income Tax 32,600 Current, 22,900 Previous; Income Tax Expense 9,780 Current, 6,870 Previous; Net Income $22,820 Current, $16,030 Previous.

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Lockey Fencing Corporation Vertical analysis of Income Statements For the Years Ended December 31. Current Previous Amount % Amount % Net sales 105,000 100.0% 78,000 100.0% Cost of goods sold 60,000 57.1% 46,500 59.6% Gross profit 45,000 42.9% 35,500 45.5% Selling, general, and administrative expenses 9,300 8.9% 4,700 6.0% Interest expense 3,100 3.0% 3,900 5.0% Income before Income Tax 32,600 31.0% 22,900 29.4% Income Tax Expense 9,780 9.3% 6,870 8.8% Net income 22,820 21.7% 16,030 20.6%

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