A comparative income statement is given below for McKenzie Sales, Ltd. of Toronto: Last Year $5,578,400 13,514 500 2,063,900 Mekene Sales. It Comparative Income Statement This Year Sales 57,340,000 Coat of goods sold 4,200,000 Grond margin 2,640.000 Selling and administrative expenses Selling expenses 1,391,000 Administrative expenses 210,000 Total expenses 2,101,000 Ret operating income 539,000 Interest expense 98,000 Net Income before taxes 441,000 2,074,500 611 500 1.686.000 197.900 87.000 5290.900 Members of the company's board of directors are surprised to see that net income increased by only $150,100 when sales increased by $1,761,600 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (ie. 0.1234 should be entered as 12.3).) This Year Last Year % % % 0.0 % % 0.0 % 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 % % 0.0 % 0.0 % % 0.0 % % % 0.0 % 0.0 % % 0.0 %