A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: McKenzie Sales, Limited Comparative Income Statement Sales This Year $ 7,370,000 Cost of goods sold Gross margin 4,770,000 2,600,000 Last Year $ 5,601,200 3,510,500 2,090,700 Selling and administrative expenses: 1,380,000 1,079,000 Administrative expenses 707,000 611,000 2,087,000 1,690,000 513,000 103,000 400,700 87,000 $ 410,000 Selling expenses Total expenses Net operating income Interest expense Net income before taxes $ 313,700 Members of the company's board of directors are surprised to see that net income increased by only $96,300 when sales increased by $1,768,800. 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).) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses This Year 0.0 % do do do % Last Year % % 0.0 % % di di di Administrative expenses Total selling and administrative expenses 0.0 % Net operating income 0.0 % Interest expense Net income before taxes 0.0 % di di di di di di % % % % 0.0 % 0.0 % % % 0.0 %