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 $ 740,000 $ 680,000 Cost of goods sold 565,400 291,000 Gross profit 174,600 389,000 Operating expenses 130,400 237,200 Net Income $ 44,200 $ 151,800 Reason for Decline in Net Income