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 Selling and administrative expenses: Selling expenses Total expenses Administrative expenses Net operating income Interest expense Net income before taxes This Year Last Year $7,350,000 4,720,000 $ 5,586,000 3,507,000 2,630,000 2,079,000 1,388,000 1,073,500 705,000 617,000 2,093,000 537,000 100,000 $ 437,000 1,690,500 388,500 92,000 $ 296,500 Members of the company's board of directors are surprised to see that net income increased by pnly $140,500 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 (l.e., 0.1234 should be entered as 12.3).)