A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year $7,360,000 4,770,000 Sales Cost of goods sold Last Year $5,593,600 3,515,500 Gross margin 2,590,000 2,078,100 Selling and administrative expenses: Selling expenses Administrative expenses 1,394,000 706,500 1,079,500 608,500 Total expenses 2,100,500 1,688,000 Net operating income Interest expense 489,500 101,000 390,100 84,000 Net income before taxes $ 388,500 $ 306,100 Members of the company's board of directors are surprised to see that net income increased by only $82,400 when sales increased by $1,766,400. 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 L Sales Cost of goods sold 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