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 Prior Year % 100.0 Current Year % Sales Cost of goods sold $ 765,000 100.0 $625,000 568,100 282,200 Gross profit 196,900 342,800 Operating expenses 130,400 249,200 Net income $ 66,500 $ 93,600