A comparative income statement is given below for McKenzie Sales, Lid., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year $7,320,000 4,760,000 Sales Cost of goods sold Last Year $5,563,200 3,507,000 Gross margin 2,560,000 2,056,200 Selling and administrative expenses: Selling expenses Administrative expenses 1,392,000 707,500 1,080,500 611,500 Total expenses 2,099,500 1,692,000 Net operating income Interest expense 460,500 98,000 364,200 91,000 Net income before taxes S 362,500 $ 273,200 Members of the company's board of directors are surprised to see that net income increased by only $89,300 when sales increased by $1,756,800. 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 22 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 0.01% 0.01% 0.0%