A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Last Year $5,608,800 3,509,000 2,099,800 McKenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,380,000 Cost of goods sold 4,620,000 Gross margin 2,760,000 Selling and administrative expenses : Selling expenses 1,382,000 Administrative expenses 705,000 Total expenses 2,087,000 Net operating income 673,000 Interest expense 105,000 Net income before taxes $ 568,000 1,081,500 610,500 1,692,000 407,800 90,000 $ 317,800 Members of the company's board of directors are surprised to see that net income increased by only $250,200 when sales increased by $1,771,200. 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 0.0 % 0.0 % 0.0 % 0.0 %