A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $ 7,300,000 $ 5,548,000 Cost of goods sold 4,730,000 3,509,000 Gross margin 2,570,000 2,039,000 Selling and administrative expenses: Selling expenses 1,389,000 1,079,000 Administrative expenses 709,000 610,000 Total expenses 2,098,000 1,689,000 Net operating income 472,000 350,000 Interest expense 101,000 86,000 Net income before taxes $ 371,000 $ 264,000 Members of the companys board of directors are surprised to see that net income increased by only $107,000 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).)