A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd Comparative Income Statement This Year Sales Cost of goods sold Gross margin Selling and administrative expenses: Last Year $7,350,000 $5,586,000 3,515,000 2,071,000 4,670,000 2,680,000 1,082,000 612,000 1,694,000 377,000 92,000 $ 499,500 $ 285,000 1,373,000 706,500 2,079,500 600,500 101,000 Selling expenses Administrative expenses Total expenses Net operating income Interest expense Net income before taxes Members of the company's board of directors are surprised to see that net income increased by only $214,500 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 (i.e., 0.1234 should be entered as 12.3).)