A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: McKenzie Sales, Limited Comparative Income Statement Sales Cost of goods sold i Gross margin This Year $ 7,300,000 4,690,000 2,610,000 Selling and administrative expenses: 1,380,000 Administrative expenses 707,000 Last Year $ 5,548,000 3,511,500 2,036,500 1,076,000 Selling expenses Total expenses Net operating income Interest expense Net income before taxes 2,087,000 523,000 105,000 $418,000 612,500 1,688,500 348,000 85,000 $ 263,000 Members of the company's board of directors are surprised to see that net income increased by only $155,000 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).) Sales Cost of goods sold Gross margin This Year Last Year 96 96 96 96 0.0 % . 0.0 %