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. Reason for Income Decline in Net Statement Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Prior Year % Sales Cost of goods sold Gross profit Operating expenses Net income GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year S Current Year % Prior Years S 790,000 1000 $ 680,000 568.100 75.2 291,000 221,900 24.8 389,000 129 200 240,800 S 92.700 $ 148,200 Reason for Decline in Net Income >