comparative income statement is given below for McKenzie Sales, Ltd., of Toronto:

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,390,000		$	5,616,400
Cost of goods sold		4,610,000			3,510,000
Gross margin		2,780,000			2,106,400
Selling and administrative expenses:
Selling expenses		1,393,000			1,073,000
Administrative expenses		710,500			611,500
Total expenses		2,103,500			1,684,500
Net operating income		676,500			421,900
Interest expense		96,000			91,000
Net income before taxes	$	580,500		$	330,900

Members of the companys board of directors are surprised to see that net income increased by only $249,600 when sales increased by $1,773,600.

Members of the company's board of directors are surprised to see that net income increased by onlhy $249,600 when sales increased by $1,773,600. Required 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).) This Year Last Year Sales Cost of goods sold Gross margin Seng and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes