Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 311 Current Year Current Year Prior Year Prior Year $ % Sales $ 720,000 1000 $ $680,000 % 100.0 Cost of goods sold 560,000 75.0 297,600 75.0 Gross profit 160,000 50.0 382,400 50.0 Operating expenses 129,200 250 230,000 25.0 Net income $ 30,800 70 $ 152,400 202