Express the following comparative income statements in common$-$size percents. Using the common$-$size percents, which item is most responsible for the decline in net income?

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$Reason for$],[$Dedine in Net$],[$Income$]]]]$

Express the following comparative income statements in common$-$size percents.

Note: Round your percentage answers to $1$ decimal place.

$\backslash$table$[[$GOMEZ CORPORATION$],[$Comparative Income Statements$],[$For Years Ended December $31],[,,$Year $$,$Current Year $\%,,$Year $$,$Prior Year $\%],[$Sales$,$$$,795,000,$II$,$$$,645,000,],[$Cost of goods sold,,$565,400,,,286,600,],[$Gross profit,,$229,600,$ansenter,,$358,400,],[$Operating expenses,,$130,400,$DHAN,$6,274,400,],[$Net income,$$,99,200,$DCN$,$$$,84,000,]]$

Reason for Decline in Net Income