OOK Commons red Income Statements General Mills Inc. (GIS) produces, markets, and distributescerent and food products in Chen, Wheat Cocoa Poland en he following partial income statements (in Millions) were adapted from recent transaments Year 1 Year 2 555,740 Sales 515,620 (10,056) (10,313) Cost of goods sold Gross profit Selling and administrative expense Operating income (2,001) $5,427 (2.753) 52,674 52.763 1. Prepare common sized income statements for Years 1 and 2. Round your answers to one decimal place General Mills Inc Common Sired Income Statement Year 1 and 2 Year 2 Increase (Decrease) Sales 100.0 1000 00 665 11 Cost of goods sold Gross profit 3564 345 Selling and administrative expenses 1991 110 19.7 Operating income 15 2. What is the primary cause of the decrease in operating income in Year 2 increase in cost of goods sold