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 $ % $ % Sales $ 755,000 $625,000 Cost of goods sold 562,700 282,200 Gross profit 192,300 342,800 Operating expenses 129 200 262 400 Net income $ 63,100 $ 80,400 income Statemem 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?