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 Cost of goods sold Gross profit Operating expenses Net income $ 790,000 560,000 230,000 130,400 $ 99,600 $700,000 286,600 413.400 222 800 $ 190,800 Reason for Decline in Net Income > Income Statement