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 1 decimal place.) GOMEZ CORPORATION Comparative Inoome Statements For Years Ended December 31 Current Year Prior Year % % Sales $ 780,000 100.0 $675,000 100.0 Cost of goods sold 588.100 284.400 Gross profit 211.900 390.800 Operating expenses 128,000 250,400 Net income $ 83,900 $ 140,200 Reason for Decline in Net Income >