Lu Inbox X Lu Topic: Discussi X * BMAL 560 - CI x * Aries Weekly | X Lu Homework: Et| X Question 2 - H X Question 1 - I X Course Hero X Patient Privacy X + V X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsClose... :: Apps M Gmail YouTube Maps Make a Payment &... Course Hero | Make... Lu Assignments: BMAL... Th Therap : Login Licensing and Certif... DDSN Application L... Reading list Homework: Ethics Assignment i Saved Help Save & Exit Submit Check my work 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? 2.14 points Complete this question by entering your answers in the tabs below. eBook Income Reason for Statement Decline in Net Hint Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 Print decimal place.) References GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ % Sales $ 780,000 $ 685,000 Cost of goods sold 560,000 286,600 Gross profit 220,000 398,400 Operating expenses 130,400 261,200 Net income $ 89,600 $ 137,200 Income Statement Reason for Decline in Net Income Mc Graw Hill 46 W E 9:46 PM 3/4/2022 8