10 8.75 points 02:31:11 Express the following comparative Income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net Income? Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) eBook GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year Hint References Sales Cost of goods sold Gross profit $ % $ % $ 755,000 $675,000 565,400 295,400 189,600 379,600 Operating expenses 128,000 245,600 Net income $ 61,600 $134,000 < Income Statement Reason for Decline in Net Income > 10 #75 oints Express the following comparative Income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net Income? Income Statement Reason for Decline in Net Income 02:30:39 Using the common-size percentages, which item is most responsible for the decline in net income? eBook + Hint References < Income Statement Reason for Decline in Net Cost of goods sold Operating expenses Sales