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 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year % $ % Sales $ 755,000 100.0 $ 655,000 Cost of goods sold 568,100 284,400 Gross profit 186,900 370,600 Operating expenses 130,400 255,200 Net Income $ 56,500 $ 115,400 > Income Statement Reason for Decline in Net Income