Please make sure I can see the answers when you post

McKenzie Sales, Limited Comparative Income Statement This Year Sales $ 7,380,000 Cost of goods sold 4,760,000 Gross margin 2.620,000 Selling and administrative expenses Selling expenses 1,397,000 Administrative expenses 710,500 Total expenses 2. 107,500 Net operating income 512,500 Interest expense 100,000 Net Income before taxes $ 412,500 Last Year $ 5,608,800 3,511,500 2,097,300 1,072,000 612,500 1.684,500 412,800 89.000 $ 323,800 Members of the company's board of directors are surprised to see that net income increased by only $88,700 when soles increased by $1,771,200 Required: 1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (... 0.1234 should be entered as 12.3).) Last Year This Year % % 0.01% 0.01% 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 % % 00% 0.01% 0.0 % % 0.01% 00% % 00%