Acumpalauve income Statements yover EIUW TO VICENZIE dies, Last Year $5,578,408 3,588,589 2.069.988 McKenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,348,888 Cost of goods sold 4,710,000 Gross sargin 2,638. Bee Selling and administrative expenses: Selling expenses 1,376,888 Administrative expenses 205.800 Total expenses 2,081,000 Net operating income 549,888 Interest expense 180.00 Net income before taxes 3 445,8ee 1,279, see 617.580 1.596. Sae 373,400 89.800 $ 284,488 Members of the company's board of directors are surprised to see that net income by $1761,600 Required: 1. Express each year's income statement in common-size percentages (Round you 0.234 should be entered as 12.3).) This Year Last Year 9 0.046 46 0.0156 cost of goods sold Grossman Bengang ve expenses Salting expenses om verdenses ng and somenten Neonore 96 55 DO 5 DO CO 0 DO DO Type here to search