Check my A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: McKentie Sales, Ltd. Comparative Income Statement This Year Last Year Sales $7,350,000 $5,586,000 Cost of goods sold 4,780,000 3,507,500 Gross margin 2.570,000 2,078,500 Selling and administrative expenses Selling expenses 1,396,000 1,077,500 Administrative expenses 702,500 614,500 Total expenses 2,098,500 1,692,000 Net operating income 471,500 386,500 Interest expense 105,000 88,000 Net income before taxes $ 356,500 $ 298,500 ces Members of the company's board of directors are surprised to see that net income increased by only $68,000 when sales increased by $1.764,000 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (.e. 0.1234 should be entered as 12.3).)