A company buys merchandise costing $26500 with terms of 2/10 n/30. The entry to the Merchandise Inventory account, assuming the discount is taken, will be O $0. O $265. O $530. O $300. Arlington Merchants reported the following on its income statement for the fiscal years ended December 31, 2020 and 2019. Sales Cost of goods sold Gross profit Operating expenses Profit 2020 $4,855,000 3,257,705 1,597,295 883,610 $713,685 2019 $4,755,000 3,204,870 1,550,130 893,940 $656,190 Calculate the profit margin for Arlington for 2019 and 2020. (Round answers to 1 decimal place, e.g. 52.7%.) Profit margin 2020 2019