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

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,310,000		$	5,555,600
Cost of goods sold		4,620,000			3,513,000
Gross margin		2,690,000			2,042,600
Selling and administrative expenses:
Selling expenses		1,397,000			1,073,500
Administrative expenses		704,500			612,000
Total expenses		2,101,500			1,685,500
Net operating income		588,500			357,100
Interest expense		97,000			88,000
Net income before taxes	$	491,500		$	269,100

Members of the companys board of directors are surprised to see that net income increased by only $222,400 when sales increased by $1,754,400.

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 Sales % % % % 0.0 % 0.0 % % Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense % % 0.0 % 0.0 % 0.0 % 0.0 % % % Net income before taxes 0.0 % 0.0 %