Express the following comparative Income statements in common-size percents. Using the common-size percents, which item is mos responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Reason for Decline in Net Statement 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 Year Ended December 31 Current Years Current Year Prior Years Prior Year % Salon $ 755,000 $ 690,000 Cost of goods sold 562,700 299,800 Gross profit 192,300 390,200 Operating expenses 128,000 251,600 Net income 54,300 138,600 Reason for Income Statement Decline in Net Income Using the common-size percents, which item is most responsible for the decline in net Income? Using the common-sizo percents, which item is most responsible for the decline in net income?