Income This Year Last Ye $7.330,000 $5,570,800 4.890.000 3,511.000 Sales Cost of goods sold Gross margin Selling and administrative expenses: 2.640.000 2.059.800 059,800 Selling expenses 1.373,000 1,072,500 Administrative expenses Total expenses Net operating income 711,500613,500 2,084,500 1,686,000 555,500373,800 Interest expense 104,000 91,000 Net income before taxes S 451,500 S 282,800 Members of the company's board of directors are surprised to see that net income increased by only $188,700 when sales increased by $1,759,200 Required 1. Express each years income statement in common-size percentages (Round your percentage answers to 1 decimal place (ie, 0.1234 should be entered as 12.3).) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses 96 86 96 Administrative expenses Total selling and administrative expenses Net pperating income Interest expense Net income before taxes