please answer part 1 and part 2 of the question, thank you!

5 Exercise 13-4 Computing and interpreting common-size percents LO P2 Dints 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? eBook Ircome 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.) Hint Print References GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ 56 $ % Sales $ 780,000 $ 665,000 Cost of goods sold 562,700 282,200 Gross profit 217,300 382,800 Operating expenses 128,000 263,600 Net Income $ 89,300 $ 119,200 Reason for Decline in Net Income > 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? Income Statement Reason for Decline in fet Income Hook tint Using the common-size percentages, which item is most responsible for the decline in net income?