A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year $7,330,000 4,630,000 Sales Cost of goods sold Last Year $5,570,800 3,509,500 Gross margin 2,700,000 2,061,300 Selling and administrative expenses: Selling expenses Administrative expenses 1,396,000 711,500 1,073,500 616,000 Total expenses 2,107,500 1,689,500 Net operating income Interest expense 592,500 104,000 371,800 90,000 Net income before taxes $ 488,500 $ 281,800 Members of the company's board of directors are surprised to see that net income increased by only $206,700 when sales increased by $1,759,200. 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 % %