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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.)

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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 Year Ended December 31 Current Yon Prior Year Sales Cost of goods sold Gross profit Operating expenses Not Income $ 740,000 568,100 171,900 129,200 $ 42,700 $ 680,000 293,200 386,800 256,400 $ 130,400 Income Statement Reason for Decline in Net Income >

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