A comparative income statement is given below for McKenzie Sales, Limited, of Toronto: Sales McKenzie Sales, Limited Comparative Income Statement This Year $ 7,390,000 4,760,000 2,630,000 Last Year $ 5,616,400 3,512,000 Cost of goods sold Gross margin Selling and administrative expenses: Administrative expenses Selling expenses Total expenses Net operating income Interest expense Net income before taxes 2,104,400 1,380,000 1,079,000 706,000 616,000 2,086,000 544,000 102,000 $ 442,000 1,695,000 409,400 89,000 $ 320,400 Members of the company's board of directors are surprised to see that net income increased by only $121,600 when sales increased by $1,773,600. 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).)