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 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 $ 800,000 $635,000 Cost of goods sold 570,800 297,600 Gross profit 229,200 337,400 Operating expenses 129,200 244,400 Net income $ 100,000 $ 93,000 < Prev 2 of 3 Next >