A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Last Year $5,570,880 3,507,500 2,063,300 Mckenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,330,000 Cost of goods sold 4730,000 Gross margin 2.600,000 Selling and administrative expenses Selling expenses 1,378,000 Administrative expenses 702,000 Total expenses 2.050,000 Net operating income 520,000 Interest expense 99,000 Net Income before taxes $ 421,000 1,081,000 611,000 1,692,000 371,300 89,000 $ 282,300 Members of the company's board of directors are surprised to see that net income increased by only $138,700 when sales increased by $1759,200 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 01234 should be entered os 12.3).) This Year Last Year % RR % 00% 0.0% 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 RR % 5 0.01% 0.0% 94 00% 0.019 00% 26 0.01%