. 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 percentage a decimal place.) 1:28:45 GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year % % Sales $ 765,000 $640,000 Cost of goods sold 565,400 295,400 Gross profit 199,600 Operating expenses 129,200 344,600 244,400 Net income $ 70,400 $ 100,200 Reason for Decline in Net Income >