A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto McKenzie Sales, Ltd Comparative Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: This YearLast Year $7,300,000 $5,548,000 4,780,000 ,510,590 232002,037,500 Selling expenses 1,399,000 711,000 Administrative expenses Total expenses Net operating income Interest expense Net income before taxes 1,081,500 613,000 2,110,000-1,094,300 343,000 91,000 S 307,000 252,000 410,000 103,000 Members of the company's board of directors are surprised to see that net income increased by only $55,000 when sales increased by $1,752,000. 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 ast Year Sales Cost of goods sold Gross margin Selling and administrative expenses 0.01% 0.01% Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%