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 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 $ % $ % $750,000 08 $ 665,000 560,000 295,400 190.000 369 600 128.000 261 200 $ 62,000 $ 108,400 Sales Cost of goods sold Gross profit Operating expenses Net income Reason for Decline in Net Income > Prey 8 of 8 NEM