mage Info te this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place. GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Net income Current Year Current Year Prior Year $ % $ Prior Year % $ 765,000 100.0 $ 630,000 100.0 562,700 100.0 293,200 100.0 x 202,300 100.0 336,800 100.0 130,400 100.0 234,800 100.0 x $ 71,900 100.0 102,000 100.0 x > Income Statement Reason for Decline in Net Income >