A comparative Income statement is given below for McKenzle Sales, Limited, of Toronto: McKenzie Sales, Limited Comparative Income Statement This Year Last Year Sales $ 7,400,000 $ 5,624,000 Coat of goods sold 4,700,000 3,512,500 Gross margin 2,700,000 2,111,500 Selling and administrative expenses Selling expenses 1,388,000 1,072,500 Administrative expenses 706,000 618,000 Total expenses 2,094.000 1.690,500 Net operating income 606,000 421,000 Interest expense 99.000 B5,000 Net income before taxes $ 507,000 $ 336,000 Members of the company's board of directors are surprised to see that net income increased by only $171000 when sales increase by $1,776,000 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).) ces Last Year % 6 This Year % % 00 % 0.0 % % % Sales Cost of goods sold Gross margin Selling and administrative expenses Seling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net Income before taxes 00% 00 0.0% 0.0% % 001 00%