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 ans decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year % $ % Sales $ 725,000 100.0 $ 690,000 100.0 Cost of goods sold 568,100 78.4 288,800 Gross profit 156,900 401,200 Operating expenses 130,400 234,800 Net income $ 26,500 $ 166,400 Income statement Reason for Decline in Net Income >