A comparative income statement is given below for Joyner Company, Limited, of Toronto: Last Year $ 5,593,600 3,511,500 2,082,100 Joyner Company, Limited Comparative Income Statement This Year Sales $ 7,360,000 Cost of goods sold 4,630,000 Gross margin 2,730,000 Selling and administrative expenses: Selling expenses 1,379,000 Administrative expenses 709,000 Total expenses 2,088,000 Net operating income 642,000 Interest expense 100,000 Net income before taxes $ 542,000 1,076,500 610,500 1,687,000 395,100 86,000 $ 309,100 Members of the company's board of directors are surprised to see that net income increased by only $232,900 when sales increased by $1,766,400. Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) This Year Last Year % % % 0.0 % % 0.0 % % Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes % % 0.0 % 0.0 % % 0.0 % 0.0 % 0.0 % 0.0 %