A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: McKenzie Sales, Limited Comparative Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Administrative expenses This Year $ 7,300,000 4,640,000 2,660,000 Last Year $ 5,548,000 3,512,500 2,035,500 Selling expenses Total expenses Net operating income: Interest expense Net income before taxes 1,374,000 1,077,500 709,000 2,083,000 577,000 100,000 $ 477,000 612,500 1,690,000 345,500 87,000 $ 258,500 Members of the company's board of directors are surprised to see that net income increased by only $218.500 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).) 4 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses This Year Last Year % % 00% 0.0 % %%