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 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 5 % 5 % Sales $ 755,000 100,0 $665,000 100.0 Cost of goods sold 565,400 282,200 Gross profit 189,600 382,800 Operating expenses 129,200 275,600 Net income $ 60,400 $ 107,200 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-sizo percentages, which item is most responsible for the decline in not incomo?