Members of the company's board of directors are surprised to see that not income increased by anly $183,400 Wien sales increased by $1.754,400 Required: 1 Express each years Income statement in comman-size percentages. (Round your percentage answers to 1 decimal place lie. 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 Administrative expenses Total selling and intrative expenses Not operating income tereta pente Not income before faces A comparative Income statement is given below for McKenzie Sales, Ltd. of Toronto Hent Sales to Comparative con Statet This year Sales Lait 37,310,000 $5.555. Cost of goods sold 0.000 33.0 Grosse 2012100 Selling and doinistrative expenses Selling expenses 2,177,000 100,000 Administrative 70,00 10.000 Total expenses 2 500 Net Operating income 564,500 352, Interest expense 102000 93.000 Not Income before taves $12.500 +239.100 Members of the company's board of directors are surprised to see that net income increased by only $183,400 wner sales increased by S1754.400 Required: 1. Express each year's income statement in common-size percentages (Round your percentage answers to 1 decimal place to 0.1234 should be entered as 12,3).) Members of the company's board of directors are surprised to see that net income increased by only $183,400 when sales increased by $1754 400 Required: 1. Express each year's income statement in common-size percentages (Round your percentage answers to 1 decimal place (lie 0.1234 should be entered as 12.3).) Last Year This Year % % 0.01% 0.0% % Sales Cost of good sold Gross margin Seling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before times 0.00 0.0% 0.01% 00% 0.0 0.0