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 Net operating income Administrative expenses This Year. $ 7,390,000 4,770,000 2,620,000 Last Year $ 5,616,400 3,516,000 2,100,400 1,393,000 1,074,000 709,000 611,500 2,102,000 1,685,500 Interest expense Net income before taxes 518,000 99,000 $419,000 414,900 93,000 $ 321,900 Members of the company's board of directors are surprised to see that net income increased by only $97100 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).) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses This Year Last Year % % % % % % %