Ch 13 HW Check my work 4 Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? points Skipped Income Reason for Decline in Net Statement Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) eBook Hint Print References GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year % % $ 765,000 $ 660,000 562,700 293,200 202,300 366,800 129,200 220,400 $ 73,100 $ 146,400 Sales Cost of goods sold Gross profit Operating expenses Net Income Reason for Decline in Net Income > Income Statement