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4 Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? 2 points Income Reason for Statement Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) eBook GOMEZ CORPORATION Comparative Income Statements Hint For Years Ended December 31 Current Year Prior Year $ % $ % Print Sales $ 785,000 100.0 $ 645,000 100.0 Cost of goods sold 560,000 293,200 References Gross profit 225,000 351,800 Operating expenses 129,200 219,200 Net income $ 95,800 $ 132,600