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 $ % $ % $ 770,000 $ 695,000 568,100 299,800 201,900 395,200 130,400 221,600 $ 71,500 $ 173,600 Sales Cost of goods sold Gross profit Operating expenses Net income Income Statement Reason for Decline in Net Income >