A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto McKenzie Sales, Ltd Comparative Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: This Year Last Year $7,380,000 $5,608,80 4,620,0003,507,500 2,760,000 192,300 Selling expenses 1,078,000 707,500 614,500 2,088,500-1,692,290 408,800 86,000 $ 567,500 322,800 1,381,000 Administrative expenses Total expenses Net operating income Interest expense Net income before taxes 671,500 184,000 Members of the company's board of directors are surprised to see that net income increased by only $244,700 when sales increased by $1,771,200 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 ast 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