A comparative income statement is given below for McKenzie Sales, Ltd, of Toronto McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year $7,370,000 $5,601,200 4,760,000 3,507,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: 2,610,000 2,094,200 Selling expenses 384,000 1,077,500 707,000 612,500 2,091,000 1,690,000 519,000 404,200 Total expenses Net operating income Interest expense 99,000 92,000 Net income before taxes 420,000 312.200 Members of the company's board of directors are surprised to see that net income increased by onl $107,800 when sales increased by $1,768,800 Required 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) This Year -1 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