A company had total revenue of $1,000,000 in 2021 , and its cost of goods sold was $500,000. In 2022, total revenue increased to $1,200,000, and cost of goods sold increased to $600,000. What percentage of total revenue was cost of goods sold for each year using common size analysis? Answer choices Select only one option None of these 50% for 2021 and 55% for 2022 55% for 2021 and 50% for 2022 50% for 2021 and 50\% for 2022