part 1 help!

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? Reason for Income Decline in Net Statement Income Express the following comparative Income statements in common-size percents. (Round your percentage answers to I decimal place.) GOMEZ CORPORATION Comparative Income Statements For Yoans Ended December 31 Current Year Prior Year 5 X Sales 5 800.000 1000 $ 685.000 Cost of goods sold 562 700 293 200 Gross profit 237 300 391,800 Operating expenses 130,400 279,200 Not Income S 106,900 $ 112,600 100.0 Statement Reason for Decline in Net Income >