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? Answer is not complete. Income Statement Reason for 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 $ $755,000 100.0 645,000 100.0 Cost of goods sold 568,100 75.3 295,400 45.8 Gross profit 186,900 24.8 349,600 64.2 Operating expenses 128,000 17.0 230,000 35.7 $ Net income $ 58,900 7.8 18.5 119,600 Income Statement Reason for Decline in Net Income >