A comparative income statement is given below for McKenzie Sales, Ltd. of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $7,330,000 $5,579,800 Cost of goods sold 4,740,000 3,515,000 Gross margin 2.590,000 2,055,800 Selling and administrative expenses: Selling expenses 1,395,000 1,080,000 Administrative expenses 708,500 612,000 Total expenses 2,103,500 1,692,000 Net operating income 486,500 363,800 Interest expense 103,000 89,000 Net income before taxes $ 383,500 $ 274,800 Members of the company's board of directors are surprised to see that net income increased by only $108,700 when sales increased by $1759,200 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (.e. 0.1234 should be entered as 12.3).) es Last Year This Year % % 0.01% % % 0.01% Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income % % 0.01% 0.01% % % 0.0% 0.0%