A comparative income statement is given below for McKenzie Sales Limited, of Toronto Last Year $ 5,608,8ee 3,515.000 2,093,800 McKenzie Sales, Limited Comparative Income Statement This Year Sales $ 7,380,000 Cost of goods sold 4,740,000 Gross margin 2,640.000 Selling and administrative expenses: Selling expenses 1,382,000 Administrative expenses 712,000 Total expenses 2,094,000 Net operating income 546,000 Interest expense 99,000 Het incone before taxes $447,000 1,076,000 608 500 1,684,500 409,300 90,000 $ 319,300 Members of the company's board of directors are surprised to see that net income increased by only $127700 when sales increased by $1.771,200 Required: 1. Express each year's income statement in common size percentages. (Round your percentage onswers to 1 decimal place (ie.. 0.1234 should be entered as 12.3).) This Year Last Year % % 9 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Total Selling and administrative expenses Not operating income % *** % % %