A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Last Year $5,548,000 3,511,500 2,036,500 McKenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,300,000 Cost of goods sold 4,670,000 Gross margin 2,630,000 Selling and administrative expenses: Selling expenses 1,390,000 Administrative expenses 706,000 Total expenses 2,096,000 Net operating income 534,000 Interest expense 101,000 Net income before taxes $ 433,000 1,080,000 608,500 1,688,500 348,000 84, eee 264,000 Members of the company's board of directors are surprised to see that net income increased by only $169,000 when sales increased by $1.752,000 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