A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: - Mekenle Sales, Ltd. Comparative Income Statement This Year Last Year Sales $8,000,000 $6,000,000 Cost of goods sold 6.984.000 3516 000 Gross margin 0160002 ,484000 Selling and administrative expenses: Selling expenses 1,092,000 Administrative expenses 112.000 618,000 Total expenses 12/192,000 11,710,000 Net operating income 824.000 774,000 Interest expense 96.000 84.000 Net income before tas 728.000 $ 690.000 480,000 Members of the company's board of directors are surprised to see that net income increased by only $38,000 when sales increased by $2,000,000 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (ie.. 0.1234 should be entered as 12.3).) Last Y TO F EEL This Year Sales Cost of goods sold % Gross margin 0.0% Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses 0.0% Net operating income 0.0% interest expense Net income before taxes 0.0%