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

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,330,000		$	5,570,800
Cost of goods sold		4,640,000			3,511,000
Gross margin		2,690,000			2,059,800
Selling and administrative expenses:
Selling expenses		1,378,000			1,076,000
Administrative expenses		706,000			615,000
Total expenses		2,084,000			1,691,000
Net operating income		606,000			\368,800\
Interest expense		104,000			92,000
Net income before taxes	$	502,000		$	\276,800\

Members of the companys board of directors are surprised to see that net income increased by only $225,200 when sales increased by $1,759,200.

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).)

Required: 1. Express each year's income statement in common-size percentage percentage answers to 1 decimal place (i.e., 0.1234 should be entere This Year Last Year Sales % % % % % 0.0 % 0.0 % Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income % % % % 0.0 % 0.0 % 0.0 % 0.0 % Interest expense % % Net income before taxes 0.0 % 0.0 %