A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Gross margin Last Year $5,608,800 3,514,500 McKenzie Sales, Limited Comparative Income Statement Sales This Year $ 7,380,000 Cost of goods sold 4,630,000 2,750,000 Ok 2,094,300 1,381,000 1,075,000 705,500 610,000 t 2,086,500 nt 663,500 106,000 $ 557,500 onces Selling and administrative expenses: Selling expenses Administrative expenses Total expenses Net operating income Interest expense Net income before taxes 1,685,000 409,300 84,000 $ 325,300 Members of the company's board of directors are surprised to see that net income increased by only $232,200 when sales increased by $1,771,200. 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).)