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 Decline in Net 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 % $ Sales $ 785,000 $ 660,000 Cost of goods sold 565,400 299,800 Gross profit 219,6001 360,200 Operating expenses 128,000 245,600 Not income $ 91,600 $ 114,600 Income statement Reason for Decline in Net Income >