A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $8,00,88 4,984,000 3,016,000 $6,80, 800 3,516, 000 2,484,000 Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total expenses Net operating income Interest expense 1,480,000 712,000 2,192,000 824,000 96,000 1,092,000 618, 000 1,710,000 774,000 84, 000 $ 690,ee0 Net income before taxes $ 728,000 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 (l.e., 0.1234 should be entered as 12.3).) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses: 0.0 % 0.0 % Selling expenses Administrative expenses Total selling and administrative expenses 0.0% 0.0 % Net operating income Interest expense 0.0 % 0.0 % 0.0 % Net income before taxes 0.0 %