CU O e elLentE LUP2 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? Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. (Round your parcentage answers to 1 decimal place) GOMEZ CORPORATION Comparative Incoms stalaments. For Yeare Ended December 31 Canent Year Prior Year % sea5,000 S 795,000 565400 Sales Cost of goods sold 2M 600 Gross prof 229.600 398 400 Operaing expenses 128,000 220.400 Net income S s01.800 178,000 Reason for Decline in Net Income Express the folowing comparative income statements in common-size percents Using the common-size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Dedine in Net Income Using the comon-size percentages, which item is most responsible for the decine in net income? Income Statement e Net