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 Decline in Net Statement 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 $ % $ % Sales $ 735,000 $ 695,000 Cost of goods sold 568,100 297,600 Gross profit 166,900 397,400 Operating expenses 129,200 269,600 Net income $ 37,700 $ 127,800 Income Statement Reason for Decline in Net Income >