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 Dedine in Net Statement 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 $ 55 $ % $ 725,000 $ 675,000 562.700 280,000 162.300 395 000 129 200 222 800 $ 33.100 $ 172 200 Sales Cost of goods sold Gross profit Operating expenses Net income Reason for Decline in Net Income > Income Statement Reason for Decline in Net Income Using the common-size percentages, which item is most responsible for the decline in net income?