Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place

Reason for Income Decline in Net Statement Income Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place, GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Prior Year $ Current Year $ Current Year % rior Year % 100.0 Sales Cost of goods sold Gross profit Operating expenses Net income 785,000 562,700 222,300 129,200 93,100 K. tacrne=atement 100.0 $ 675,000 293,200 384,800 224,000 157,800 Reason for Decline in Net Income