A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Mckenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $ 7,320,000 $5,563,200 Cost of goods sold 4,630,000 3,513,000 Gross margin 2,690,000 2,050,200 Selling and administrative expenses: Selling expenses Administrative expenses 1,389,000 711,500 1,074,500 614,500 Total expenses 2,100,500 1,689,000 Net operating income Interest expense 589,500 101,000 1361,2001 94,000 Net income before taxes $ 488,500 $ 1267,2001 Members of the company's board of directors are surprised to see that net income increased by only $221,300 when sales increased by $1,756,800. Members of the company's board of directors are surprised to see that net income increased by only $221,300 when sales increased by $1,756,800. 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).) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses 0.0 0.0 % Administrative expenses 0.01% Total selling and administrative expenses Net operating income Interest expense 0 % Net income before taxes 0.0% 0.0