EXERCISE 16-1 Common-Size Income Statement 9 LO16-1 A conparative income statement is given below for McKenzie Sales. Ltd. of Toronto: Members of the company's board of directors are surprised to see that net income increased by only $38.000 when sales increased by $2,000,000 Required: 1. Express each year's income statement in common-size percentages. Carry computations to one decimal place. 2. Comment briefly on the changes between the two years