A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd Comparative Income Statement This Year Last Year $7,300,000 $5,548,000 4,650,000 3,508,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: 2,650,000 2,040,000 Selling expenses 1,398,000 1,078,500 710,000 Administrative expenses Total expenses Net operating income 609,500 2,108,000 1,688,000 352,000 542,000 103,000 Interest expense 86,000 Net income before taxes S 439,000 $ 266,000 Members of the company's board of directors are surprised to see that net income increased by only $173,000 when sales increased by $1,752,000 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).) This Year ast 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