Express the following comparative Income statements in common-size percents. Using the common-size percents, which item is most 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 Years Ended December 31 Current Year $ Current Year % Prior Years $ 740,000 100.0 s 685,000 570,800 288,800 169,200 396,200 129,200 239,600 S 40.000 $ 156,600 Prior Year % 100.0 Sales Cost of goods sold Gross profit Operating expenses Wet income Express the following comparative Income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Reason for Statement Decline in Net Income Using the common-size percents, which item is most responsible for the decline in net income? Using the common-size percents, which item is most responsible for the decline in net income? Cost of goods sold