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 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 $ S % $ 735,000 100.01 $ 670,000 100.0 560,000 299,800 44.8 175,000 370,200 128,000 260,000 $ 47,000 $ 110,200 Sales Cost of goods sold Gross profit Operating expenses Net income Income Statement 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 intNet Income Using the common-size percentages, which item is most responsible for the decline in net income?