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 in Reason for Income Decline in Net Statement Income Express the following comparative income statements in common-size percents. (Round your pe decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ % Sales $ 725,000 $ 650,000 Cost of goods sold 568 100 284,400 Gross profit 156,900 365,600 Operating expenses 130,400 243,200 Net Income $ 26,500 $ 122,400 Income Statement Reason for Decline in Net Income 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 Statement Reason for Dedine in Not Income decline in net income? Using the convenekee percentages which them is most responsible for