all of the numbers are incorrect minus 2021 profit margin

Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the years ended December 31 2022 2021 Net sales $3,530,000 $3,056,000 Cost of goods sold 2,484,000 1,954,000 Gross profit 1,046,000 1,102,000 Expenses: Operating expenses 959.000 862,000 Depreciation expense 34,000 29,000 Loss on sale of land 0 B, 400 Interest expense 20,000 17,000 Income tax expense 8,400 50,000 Total expenses 1,021,400 966,400 Net income $ 24,600 $ 135,600 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2020 Assets Current assets Cash Accounts receivable Inventory Prepaid rent Long term assets Investment in bonds Land Equipment $207,000 $190,000 $140,000 81,000 85,000 64,000 131,000 109,000 139,000 14,400 12,400 6,480 109,000 304,000 304,000 109,000 214,000 274,000 244,000 214,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2020 $ 207,000 $190,000 81,000 85,000 131,000 109,000 14,400 12,400 $148,600 64,000 139,000 6,480 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 109,000 109,000 @ 304,000 214,000 244,000 304,000 274,000 214,000 (19 , ) ( 75 , ) ( 46 , ) $1,041,400 $918,400 $769,480 $ 154,200 10, 200 12,400 $ 70,000 6,800 17,000 $122,689 3,400 14,400 440,000 289,000 24,000 304,000 120,600 $1,041,400 304,000 304,000 231,600 96,000 $918, 400 $769, 480 2. Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2. Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2022 Gross profit ratio Return on assets Profit margin Assot tumover 2021 4101% 15.8% 4214 4251% 20.71% 25% 71.5 times 145 3 times