A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: McKenzie Sales, Limited Comparative Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: This Year $ 7,360,000 4,650,000 2,710,000 Last Year $ 5,593,600 3,510,000 2,083,600 1,377,000 1,075,000 712,000 611,500 Selling expenses Administrative expenses Total expenses Net operating income. Interest expense Net income before taxes 2,089,000 621,000 103,000 $ 518,000 1,686,500 397,100 94,000 $ 303,100 Members of the company's board of directors are surprised to see that net income increased by only $214,900 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 Gross margin Sales Cost of goods sold Selling and administrative expenses: % % % 0.0 % 0.0 % Selling expenses % % Administrative expenses % % Total selling and administrative expenses 0.0 % 0.0 % Net operating income 0.0 % 0.0 % % % Interest expense Net income before taxes 0.0 % 0.0 %