Comparative statements for ABC Corporation are shown below. ABC Corp. Comparative Income Statements For Years Ended December 31, Year 2 and Year 1 Year 2 Year 1 Sales $1,200,000 $1,000,000 804,000 650.000 Cost of goods sold Gross profit Operating expenses $ 396,000 $ 350,000 312.000 270,000 Net income $84.000 $ 80.000 Required: 1. Express the income statement information in common-size percentages (round to nearest whole percent). (You must show your detailed work.) 2. Comment on the results