A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Last Year $ 5,570, 800 3.515,000 2,055,800 MeKenain Bales, Limited Comparative Income Statement This Year Sales $ 7,330,000 Cost of goods sold 4,650,000 Gross margin 2,680,000 Selling and administrative expenses Selling expenses 1,397,000 Administrative expenses 711,500 Total expenses 3,108,500 Net operating Income 571,500 Interest expense 103,000 Net income before taxes $ 468,500 1,076,500 608,500 1,685,000 370,000 93.000 $ 277,800 Members of the company's board of directors are surprised to see that net income increased by only $190,700 when soles increased by $1,759,200 Required: 1. Express each year's income statement in common-size percentages, (Round your percentage answer 0.1234 should be entered as 12.3).) This Year % Last Year % % 0.0 % el 0.0 % 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 % % 0.0 % 0.0 % % 0.0 % % % 0.0% 0.0 % % 0.01%