A comparative Income statement is given below for McKenzie Sales, Limited, of Toronto McKenzie Sales, Limited Comparative Income Statement This Year Last Year Sales $ 7,369, eee $ 5,593,600 Cost of goods sold 4,610, eee 3,510,500 Gross margin 2,750,000 2,083, 100 Selling and administrative expenses: Selling expenses 1,371,000 1,079, see Administrative expenses 707,500 611,5ee Total expenses 2,078,500 1,691,000 Net operating income 671,500 392,100 Interest expense 100,000 86, eee Net income before taxes $ 571,500 $ 306,100 Members of the company's board of directors are surprised to see that net income increased by only $265,400 when sales increased by $1766,400 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 R % % Sales Cost of goods sold Gross margin Selling and administrative exponses Selling expenses Administrative expenses Total colling and administrative expenses Not oporating income Interest expense Not income before taxes % % % % %