Express the Following Income Statement Information in Common-Size Percentages (Round

Express the following income statement information in common-size percentages (round to nearest whole percent). Comment on the results.
Haans Corp.
Comparative Income Statements
For the years ended December 31
$\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Sales } & \$ 1,200,000 & \$ 1,000,000 \\\hline \text { Cost of goods sold } & 804,000 & 650,000 \\\hline \text { Gross profit } & \$ 396,000 \$ & 350,000 \\\hline \text { Selling expenses } & 132,000 & 120,000 \\\hline \text { Administrative expenses } & 180,000 & 150,000 \\\hline \text { Net income } & 4,000 & 80,000 \\\hline\end{array}$