A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Last Year $ 5,586.000 3,515,000 2.071,000 McKenzie Sales, Limited Comparative Income Statement This Year Sales $ 7,350,000 cost of goods sold 4,700,000 Gross margin 2.650.000 Selling and administrative expenses Selling expenses 2,371.000 Administrative expenses 711.500 Total expenses 2.082.500 Het operating income $67,500 Interest expense 205,000 Net Income before taxes $.462,500 1,077,500 613,500 1.691,000 380,000 92.000 $ 288,000 Members of the company's board of directors are surprised to see that net income increased by only $174,500 when sales increased by $1,764,000 Required: 1. Express each year's income statement in common-size percentages, (Round your percentage answers to 1 decimal place (.e. 01234 should be entered as 12,3).) Last Year This Year % 0.0% 00 % Sales Cost of goods sold Gross margin Selling and administrative expenses: Boling expenses Administrative expense Total meding and administrative expenses Net operating income Interest expense Not income before the % % 0.01 0.01% X 0.01% 0.01% 0.0% $ 0.0%