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 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.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ % $ 800.000 $630,000 565 400 293,200 234,500 336,800 129 200 279,200 $ 105,400 $ 57,600 Sales Cost of goods sold Gross profit Operating expenses Net income Reason for Decline in Net Income 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 Using the common-size percentages, which item is most responsible for the decline in net income?