A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Last Year $5,555,600 3.500.500 2,047.100 Make Sales, itd. Comparative Income Statement This Year Sales $7,310,000 Cost of goods sold 4.660,000 Gros margin 2,650,000 Selling and administrative expenses Selling expenses 1,382,000 Administrative expense 708,500 Total expenses 2,090,500 Net operating income 559,500 Taterest expense 104,000 Not Income before taxe 3455,500 Hint Print 1,080.500 608,500 1,609,000 358, 100 90.000 3 268.100 Members of the company's board of directors are surprised to see that net income increased by only $187.400 when sales incronsed by $1,754,400 Required: 1. Express each year's income statement in common-size percentages (Round your percentage answers to 1 decimal place for 0.1234 should be entered as 12.3).) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses: 001 0.01