A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: 7 McKenzie Sales, Winted Comparative Income Statement This Year Last Year Sales $ 7,370,000 $ 5,601,200 Cont of goods sold 4,600,000 3.509,000 Cross margin 2,270.000 2.092 200 Selling and administrative expenses Selling expenses 1,388,000 1.072,500 Administrative expenses 708,500 613,500 Total expenses 2,096,500 1.686,000 Net operating Income 673.500 406,200 Interest expense 102,000 91,000 Not income before taxes $ 571,500 315,200 Members of the company's board of directors are surprised to see that net income increased by only $256.300 when sales increased by $1,768,800. Required: 1. Express each year's Income statement in common-size percentages. (Round your percentage answers to 1 decimal place (l.e.. 0.1234 should be entered as 12.3).) Last Year This 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 exponse Net Income before taxes % % % % % % % % % %