A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto:

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,350,000		$	5,586,000
Cost of goods sold		4,740,000			3,511,000
Gross margin		2,610,000			2,075,000
Selling and administrative expenses:
Selling expenses		1,388,000			1,081,500
Administrative expenses		706,000			609,500
Total expenses		2,094,000			1,691,000
Net operating income		516,000			384,000
Interest expense		103,000			92,000
Net income before taxes	$	413,000		$	292,000

Members of the companys board of directors are surprised to see that net income increased by only $121,000 when sales increased by $1,764,000.

Required:

1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

	This Year		Last Year
Sales		%		%
Cost of goods sold		%		%
Gross margin		%		%
Selling and administrative expenses:
Selling expenses		%		%
Administrative expenses		%		%
Total selling and administrative expenses		%		%
Net operating income		%		%
Interest expense		%		%
Net income before taxes		%		%