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 $ % $ Sales $750,000 100,0 $ 695,000 Cost of goods sold 570,800 282,200 Gross profit 179,200 412,800 Operating expenses 128,000 272,000 Net income $ 51,200 $ 140,800 100.0