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 This Year $ 7,350,000 4,650,000 2,700,000 Last Year $ 5,586,000 3,511,000 2,075,000 Selling and administrative expenses: 1,393,000 1,075,000 Administrative expenses 712,000 611,000 2,105,000 1,686,000 595,000 389,000 102,000 87,000 $ 493,000 $ 302,000 Selling expenses Total expenses Net operating income Interest expense Net income before taxes. Members of the company's board of directors are surprised to see that net income increased by only $191,000 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).) % % % di di di 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 % % % di dididi % % % di di di di % % % % % %