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

McKenzie Sales, Limited Comparative Income Statement
	This Year	Last Year
Sales	$ 7,350,000	$ 5,586,000
Cost of goods sold	4,760,000	3,514,000
Gross margin	2,590,000	2,072,000
Selling and administrative expenses:
Selling expenses	1,398,000	1,072,000
Administrative expenses	710,500	612,000
Total expenses	2,108,500	1,684,000
Net operating income	481,500	388,000
Interest expense	100,000	91,000
Net income before taxes	$ 381,500	$ 297,000

Members of the companys board of directors are surprised to see that net income increased by only $84,500 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).)

- sales

- csot of goods sold

- gross margin

- selling and administrative expenses

selling expenses

administrative expenses

- total selling and administrative expenses

- net operating income

- interest expenses

- net income before taxes