A comparative Income statement is given below for Mckenzie Sales, Ltd. of Toronto: Last Year $5,601,200 3.513,000 2,088, 200 MeKenzie Sales, Ltd. Comparative Income statement This Year Sales $7,370,000 Cost of goods sold 4,710.000 Gross margin 2,660,000 Selling and administrative expenses Selling expenses 1,380,000 Administrative expenses 707.000 Total expenses 2,091,000 Net operating income 569,000 Interest expense 102,000 Net Income before taxes $ 467.000 1,074,000 613,000 1,687,000 401,200 90.000 $11.200 Members of the company's board of directors are surprised to see that net income increased by only $155,800 when sales increased by $1,768,800 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (... 0.1234 should be entered as 12.3).) ses