A comparative income statement is given below for McKenzie Sales, Limited, of Toronto:

McKenzie Sales, Limited Comparative Income Statement
	This Year	Last Year
Sales	$ 7,390,000	$ 5,616,400
Cost of goods sold	4,650,000	3,506,000
Gross margin	2,740,000	2,110,400
Selling and administrative expenses:
Selling expenses	1,397,000	1,080,000
Administrative expenses	705,000	612,000
Total expenses	2,102,000	1,692,000
Net operating income	638,000	418,400
Interest expense	103,000	89,000
Net income before taxes	$ 535,000	$ 329,400

Members of the companys board of directors are surprised to see that net income increased by only $205,600 when sales increased by $1,773,600.

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		%		%
Administrative expenses		%		%
Total selling and administrative expenses		%		%
Net operating income		%		%
Interest expense		%		%
Net income before taxes		%		%