Exercise $13-4($Algo$)$ Computing and interpreting common$-$size percents LO P$2$

Express the following comparative income statements in common$-$size percents. Using the common$-$size percents, which item is most responsible for the decline in net income?

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Income$,\backslash$table$[[$Reason for$],[$Statement$],[$Decline in Net$],[$Income$]]]]$

Express the following comparative income statements in common$-$size percents.

Note: Round your percentage answers to $1$ decimal place.

$\backslash$table$[[$GOMEZ CORPORATION$],[$Comparative Income Statements$],[$For Years Ended December $31],[,,$Year $$,$Current Year $\%,,$Year $$,$Prior Year $\%$