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? d 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.) k GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ % Sales $ 740,000 $630,000 Cost of goods sold 568,100 284,400 Gross profit 171.900 345,600 Operating expenses 128,000 220,400 Not income $ 43,900 $ 125 200 Statement Reason for Decline in Net Income > 2 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? nts Income Statement Reasoffor Decline in Net Income Skipo Using the common-size percentages, which item is most responsible for the decline in net incomo? Ronson for Decline in Net Income eBook