A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $7,370,000 $5,601,200 Cost of goods sold 4,600,000 3,512,000 Gross margin 2,690,000 2,039,200 Selling and administrative expenses: Selling expenses 1,370,000 1,078,000 Administrative expenses 705,000 611,000 Total expenses 2,075,000 1.689,000 Net operating income 615,000 400,200 Interest expense 105,000 90,000 Net income before taxes $ 510,000 $ 310,200 Members of the company's board of directors are surprised to see that net income increased by only $199,800 when sales increased by $1768,800. Required: 1. Express each year's income statement in common size percentages. (Round your percentage answers to 1 decimal place (l... 0.1234 should be entered as 12.3).) This Year % Last Year % 0,01% 0.01% Sales Cost of goods sold Gross margin Selling and administrative expertos Selling expenses Administrative expenses Total seling and administrative expenses Net operating income Interest expense Net income before taxes % % % % 0.0 % 0,0% 0.01% 0.0 % % 0.01% % 0.01%