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 $ % $ % Sales $ 795,000 100.00 $630,000 100.01 Cost of goods sold 568, 100 71.5 288,800 Gross profit 226,900 28.5 341,200 Operating expenses 129,200 16.2 278,000 Net income $ 97,700 12.31 $ 63,200 Income Statement Reason for Decline in Net Income >