atio Analysis The following information was taken from Logsden Manufacturing's trial balances as of December 31, 2018, and December 31, 2019 Accounts receivable Accounts payable Cost of goods sold Sales Sales returns Retained earnings Dividends Income from operations Net income Required: 1. Calculate the gross profit margin and operating margin percentage for 2019. Enter your answer as percentage, rounded to two decimal places (e.g 0248563 to 2.49%) 12/31/2019 12/31/2018 $17,000 15,000 119,000 239,000 11,000 16,000 1,000 16,000 18,000 $13,000 22,000 140,000 268,000 12,000 47,000 5,000 24,200 21,000 2019 Gross profit margin percentage Operating margin percentage 2. Assuming that all of the operating expenses are fixed (or, won't change as sales increase or decrease), what will be the operating margin percentage if sales increase by 25%? Round interim calculations to nearest whole value and final answer to two decimal places Operating margin percentage