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? Reason for Income 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 $ % $ % $ 750,000 100.00 $ 640,000 100.0 565,400 75.4 284,400 184,600 24.6 355,600 129,200 17.2 249,200 $ 55,400 7.4 $ 106,400 Sales Cost of goods sold Gross profit Operating expenses Net income Income Statement Reason for Decline in Net Income >