A comparative income statement is given below for McKenzie Sales, Limited, of Toronto McKenzie Sales, Limited Comparative Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total expenses Net operating income. Interest expense Net Income before taxes 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 This Year % % 0.0% Members of the company's board of directors are surprised to see that net income increased by only $250.100 when sales increased by $1,773,600. % This Year $ 7,390,000 4,600,000 2,790,000 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).) % 0.0 % 0.0% 1,398,000 705,500 2,106,500 683,500 99,000 $ 584,500 % 00% Last Year % 00% % Last Year $ 5,616,4001 3,508,000 2,108,400 0.0% 0.0% 1,075,000 614,000 % 00% 1,689,000 419,400 85,000 $ 334,400