Income Reason for Statement Decline in Net Income Express the following comparative income statements in common-size percents. (Round your per decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % % $ 735,000 100.0 $ 650,000 560,000 282,200 175,000 367,800 129,200 219,200 45.800 $ 148,600 Sales Cost of goods sold Gross profit Operating expenses 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 Using the common-size percentages, which item is most responsible for the decline in net income?