A comparative income statement is given below for McKenzie Sales, Limited, of Toronto:

McKenzie Sales, Limited Comparative Income Statement
	This Year	Last Year
Sales	$ 7,360,000	$ 5,593,600
Cost of goods sold	4,620,000	3,508,500
Gross margin	2,740,000	2,085,100
Selling and administrative expenses:
Selling expenses	1,386,000	1,077,500
Administrative expenses	709,000	615,000
Total expenses	2,095,000	1,692,500
Net operating income	645,000	392,600
Interest expense	100,000	87,000
Net income before taxes	$ 545,000	$ 305,600

Members of the companys board of directors are surprised to see that net income increased by only $239,400 when sales increased by $1,766,400.

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		%		%
Selling and administrative expenses:
Selling expenses		%		%
Administrative expenses		%		%
Total selling and administrative expenses		%		%
Net operating income		%		%
Interest expense		%		%
Net income before taxes		%		%