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: This Year $ 8,000,000 4,984,000 3,016,000 Last Year $ 6,000,000 3,516,000 2,484,000 1,092,000 Selling expenses Administrative expenses Total expenses Net operating income Interest expense Net income before taxes 1,480,000 712,000 618,000 2,192,000 1,710,000 824,000 96,000 $ 728,000 774,000 84,000 $690,000 Members of the company's board of directors are surprised to see that net income increased by only $38,000 when sales increased by $2,000,000. 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).) This Year Last Year Sales % % Cost of goods sold % % Gross margin 0.0 % 0.0 % Selling and administrative expenses: % % Selling expenses Administrative expenses % % Total solling and administrative expenses 0.0 % 0.0 % Net operating income 0.0 % 0.0 % % % Interest expense Net income before taxes- 0.0 % 0.0 %