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? 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.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % % $ 740,000 Sales Cost of goods sold Gross profit Operating expenses Net income 568, 100 171,900 $ $635,000 284,400 350,600 273,200 $ 77,400 128,000 43,900 $ Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100.0% 63.4 61.2 57.3 14.3 13.8 14.1 Current Yr 104 5% 115.6 106.1 Trend Percents 1 Yr Ago 103.3% 110.3 101.1 2 Yrs Ago 100.0% 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Net Income Change in Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current Yr 1 Yr Ago 2 Yrs Ago $ 100,000 Sales Cost of Goods Sold 57,300 14,100 Total Expenses Net Income $ 28,600 Net Income Change in Net Income >