Dr. Zhivago Diagnostics Corp.'s income statement for 20X1 is as follows: Sales Cost of goods sold Gross profit Selling and administrative expense Operating profit Interest expense Income before taxes Taxes (308) Income after taxes $ 2,660,000 1,700,000 $ 960,000 327,000 $ 633,000 57,000 $ 576,000 172,800 $ 403,200 a. Compute the profit margin for 20X1. (Input the profit margin as a percent rounded to 2 decimal places.) Profit margin % b. Assume that in 20X2, sales increase by 10 percent and cost of goods sold increases by 20 percent. The firm is able to keep all other expenses the same. Assume a tax rate of 30 percent on income before taxes. What is income after taxes and the profit margin for 20x2? (Input the profit margin as a percent rounded to 2 decimal places.) 20X2 Income after taxes Profit margin %