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 Cost of goods sold Gross profit $ 795,000 $660,000 560,000 291,000 235,000 369,000 Operating expenses 130,400 226,400 Net income $ 104,600 $142,600 Income Statement Reason for Decline in Net Income >