Calculate the missing amounts. Flounder Ltd. Novak Ltd. $1,475,000 $ Sales Sales returns and allowances 36,000 48,400 Net sales 2,149,000 Cost of goods sold 654,000 1,186,000 Gross profit Operating expenses 585,000 Income from operations 311,000 Other revenues Other expenses Income before income tax 3,900 0 0 3,900 Income tax expense 40,600 Net income 250,600 Calculate the gross profit margin and profit margin for each company. (Round all amounts to 1 decimal place, e.g. 5.2) Novak Flounder Gross profit margin % % Profit margin % %