A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto:

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,310,000		$	5,555,600
Cost of goods sold		4,780,000			3,507,500
Gross margin		2,530,000			2,048,100
Selling and administrative expenses:
Selling expenses		1,378,000			1,078,500
Administrative expenses		709,000			616,500
Total expenses		2,087,000			1,695,000
Net operating income		443,000			353,100
Interest expense		97,000			88,000
Net income before taxes	$	346,000		$	265,100

Members of the companys board of directors are surprised to see that net income increased by only $80,900 when sales increased by $1,754,400.

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).)

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		%		%