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? Complete this question by entering your answers in the tabs below. 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 $ 740,000 Cost of goods sold Gross profit Operating expenses Net income 560,300 179,700 128,200 51,500 $ 625,000 290,800 334,200 218,500 $ 115,700 $ 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? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Using the common-size percentages, which item is most responsible for the decline in net income? Using the common-size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Decline in Net Income