A comparative Income statement is given below for McKenzie Sales, Ltd. of Toronto: Last Year $5,601,200 33,506,500 2,094,700 McKenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,370,000 Cost of goods sold 4,630,000 Cross margin 2,740,000 selling and administrative expenses Selling expenses 1,397,000 Administrative expenses 709,500 Total expenses 2,106,500 Net operating income 633,500 Interest expense 92.000 Net Income before taxes S536,500 1,081,500 609,000 1.690, 500 404,200 93,000 $ 311,200 Members of the company's board of directors are surprised to see that net income increased by only $225,300 when sales increased by $1,768,800 Members of the company's board of directors are surprised to see that net income increased by only $225,300 when sales increased by $1768,800 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).) Last Year % This 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 % % % % 0.01% 0.0% 0.0 % 0.01% % 0.01% 0.0 %