A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Mckenzie Sales, Ltd. Comparative Income Statement This Year ast Year $7,340,000 $5,578,400 Sales Cost of goods sold Gross margin Selling and administrative expenses: 4,650,000 3,507,000 2890,000 2,071.400 Selling expenses 1,381,000 1073,000 Administrative expenses Total expenses Net operating income 616,000 2,092,000 1,689,000 382,400 711,000 598,000 96,000 89,000 Interest expense Net income before taxes S 502,000 $ 293,400 Members of the company's board of directors are surprised to see that net income increased by only 5208,800 when sales increased by 51,761,800. 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place ie., 0.1234 should be entered as 12.3).) Sales Cost of goods sold Gross marg n Sel ing and administrative expenses: 0.0 | 96 0.01% Selling expenses Administrative expenses Total selling and administrative Net operating income Interest expense Net income before taxes 0.01% 0.0 | 96 0.01% 0.01% 0.01% 0.01%