A comparative Income statement is given below for McKenzie Sales, Limited, of Toronto: McKenzie Sales, Limited Comparative Income Statement Sales Cost of goods sold Gross margin This Year $ 7,360,000 4,780,000 2,580,000 Last Year $ 5,593,600 3,514,000 2,079,600 Selling and administrative expenses: 1,397,000 1,080,500 706,000 609,500 2,103,000 1,690,000 389,600 Selling expenses Administrative expenses Total expenses Net operating income Interest expense Net income before taxes 477,000 104,000 $ 373,000 92,000 $ 297,600 Members of the company's board of directors are surprised to see that net income increased by only $75,400 when sales Increased by $1,766,400. Required: 1. Express each year's Income statement in common-size percentages. (Round your percentage answers to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) Sales Cost of goods sold Gross margin Selling and administrative expenses: This Year Last Year % % % % % % Selling expenses % % Administrative expenses % % Total selling and administrative expenses % % Net operating income % % Interest expense % % Net income before taxes % %