Express the following comparative income statements in common size percent using the common size precents which item is most responsible for the decline in net income

is guestion by entering your answers in the tabs below. Income Reason for Statement Decline in Net Income Express the following comparative Income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Prior Year % Sales Cost of goods sold Gross profit Operating expenses Net income GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Years Current Year % Prior Years $ 775,000 $ 635,000 565 400 282,200 209 600 352 800 128.000 272.000 $ 81.600 $ 80.800 Reason for Decline in Net Income> 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. Income Reason for Statement Decline in Net Income Using the common-size percents, which item is most responsible for the decline in net income? Using the common-size percents, which item is most responsible for the decline in net income?