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

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,390,000		$	5,616,400
Cost of goods sold		4,730,000			3,515,000
Gross margin		2,660,000			2,101,400
Selling and administrative expenses:
Selling expenses		1,379,000			1,078,000
Administrative expenses		705,000			616,000
Total expenses		2,084,000			1,694,000
Net operating income		576,000			407,400
Interest expense		104,000			93,000
Net income before taxes	$	472,000		$	314,400

Members of the companys board of directors are surprised to see that net income increased by only $157,600 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		%		%