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 ans decimal place.) -nces GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ % Sales $ 760,000 100.00 $ 685,000 100.0 Cost of goods sold 568,100 75.4 297,600 44.1 Gross profit 191,900 24.6 387,400 55.9 Operating expenses 128,000 17.2 239,600 38.9 Net income $ 63,900 7.4 $147,800 17.0 Income Statement Reason for Decline in Net Income >