***Only need help with the blue boxes

A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto: Last Year $5,555,600 3,513,500 2,042,100 McKenzie Sales, Ltd. Comparative Income Statement This Year Sales $7,310,000 Cost of goods sold 4,730,000 Gross margin 2,580,000 Selling and administrative expenses : Selling expenses 1, 376,000 Administrative expenses 707,000 Total expenses 2,083,000 Net operating income 497,000 Interest expense 99,000 Net income before taxes $ 398,000 1,073,500 610,500 1,684,000 358, 100 86,000 $ 272,100 Members of the company's board of directors are surprised to see that net income increased by only $125,900 when sales increased by $1,754,400. Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 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 administrative expenses Net operating income Interest expense Net income before taxes % % % % % % % % % %