Mauve DE WEWENGE SID. LIVIT Last Year $5,570,000 3507,500 2,063300 Mckenzie Sales, Ltd Comparative Income Statement This Year Sales 37,330,000 Cost of goods sold 4230 000 Gross margin 2600,000 Selling and administrative expenses Selling expenses 1,378,000 Administrative expenses 702,000 Total expenses 2,000,000 Net operating income 520,000 Interest Expense 99,000 Net Income before taxes $ 421,000 Book 1,081,000 611.000 3,692,000 371,300 89,000 $ 202,300 HU Pring Members of the company's board of directors are surprised to see that net income increased by only $138.700 when sales increased by S1759 200 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (ie.. 0.1234 should be entered as 123).) References This Year Last Year RR % Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes 55 % 9. * R